“SIE will vigorously maximize the corporate value and create new business opportunities through the establishment of ForwardWorks,” said Sony Computer Entertainment in a statement. The company will also change its name to Sony Interactive Entertainment Inc. (SIE) come Friday.
Sony to release PlayStation VR for £349 come October!
"ForwardWorks will leverage the intellectual property of the numerous PlayStation® dedicated software titles and its gaming characters as well as the knowledge and know-how of gaming development expertise which was acquired over the years with PlayStation® business to provide gaming application optimized for smart devices including smartphones* to users in Japan and Asia. The company will aim to deliver users with opportunity to casually enjoy full-fledged game titles in the new field of the smart device market," it added.
If Forwardworks starts working immediately, we may get to see popular PS games like Final Fantasy VIII, Metal Gear Solid V, Journey and Bloodborne available in most app stores by the end of the year. However, Sony hasn't mentioned a timeline for the release of existing PlayStation games to smartphones but has stated that its operations will begin from April 1.
The news comes not long after Sony announced that PlayStation VR will be available in the UK by October and will cost just £349. In fact, you can place your order now if you want to be among the first to get it.
Sony's PlayStation VR will bring in more than fifty VR titles including Headmaster, Valkyrie and Rez Infinite. PlayStation VR is a good way for Sony to maintain its position in the entertainment space at a time when more and more VR systems are threatening to run away with all the laurels at PlayStation's expense.