"Sony Chairman Emphasizes Need for Business Savvy in PlayStation Studios"

Sony's new chairman, Hiroki Totoki, believes that PlayStation's studios need to improve their understanding of business aspects such as money management, development schedules, and accountability. He praised the studios' creative minds but emphasized the need for better business understanding. Additionally, it was revealed in an earnings call that the PS5 won't receive new major franchise titles before April 2025 and is entering the latter stage of its life cycle.