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Sony expects PSN to bring in $500 million this year, up 300% YoY

Friday, 20th November 2009 14:04 GMT By Patrick Garratt

psnlogo2

Who needs subs? Sony, speaking at an investor conference this week, has said it expects PSN to bring in revenue of $500 million this financial year, more than three times the amount of revenue achieved last year.

More than 33 million people are now registered with the service, which turned three years old this week.

Networked consoles services are clearly “in”: Xbox Live revenues rose over 50 percent in the last quarter, although exact figures remain unspecified.

There’s more on BusinessWeek.

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16 Comments

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  1. Blerk

    No doubt they’re kicking themselves not for not charging for it from the off. Even if it’d been a nominal amount (say, £12 a year) they could’ve raked in a small fortune and still been able to say “we’re cheaper than Xbox”.

    #1 4 years ago
  2. Psychotext

    I’d wager the release of the European vid store, PSP minis and the PSP Go will have a fair old effect on increasing revenues.

    #2 4 years ago
  3. Cort

    +1 for both of those ^.

    #3 4 years ago
  4. ybfelix

    I’d rather them kick themselves for not including a second analog nub on PSP, take that Sony!

    #4 4 years ago
  5. theevilaires

    Man shut up and just say good for them. You XBOTS always gotta come in a good Sony news article with your “if they did it like xbox live they would have more” bullshit.

    #5 4 years ago
  6. Blerk

    Well they would! :-D

    #6 4 years ago
  7. theevilaires

    Yea lets charge a fee from the start when our console was the highest of the three new ones. $600 + tax + a game + the online sub would really attract more people to us rather than xbox360.

    …Fucking Sony you’re idiots.. Blerk is a GENIUS! His plan sounds more welcomed by your most loyal community coming right out the gate of launching one of the most expensive consoles ever in gaming history.

    #7 4 years ago
  8. Blerk

    The people who bought PS3s when they were at their most expensive would never have been put off by a nominal charge for the online stuff. Sony could’ve used that revenue to get the service off the ground more quickly. And now that the PS3′s gaining some momentum at last it would’ve been officially a ‘nice little earner’.

    For what it’s worth, I think Live is seriously over-priced and Microsoft’s approach is nothing short of mercenary at times. I don’t think it’s right to charge for basic services, I’m saying that Sony must be kicking themselves that they didn’t because they could obviously have gotten away with it.

    #8 4 years ago
  9. Eregol

    With some of the great stuff making it’s way to PSN these days there’s no reason why this couldn’t be true.

    PSP games available for up to £30 a pop, film service now up and running in more territories (still needs a LOT of work though) digital magazine for the UK from FUTURE, downloadable comics.
    There’s a lot ahead for PSN.

    They should do what fund raisers do and have one of those giant finance thermometers on the wall and fill it up as the money comes in.

    #9 4 years ago
  10. OlderGamer

    I own both systems, alot of you guys do. Seems to me that more and more the two systems are converging. PSN is gonna end up being a clone of LIVE and vica versa. When one does something right, the other one is gonna copy it. Unfortunaly that is prolly gonna include sub fees. But I am thinking that down the road MS will drop its fee to play the games online. I just have a feeling. It is one thing to bully people when your the only show in town. But when you have to share the stage …

    #10 4 years ago
  11. Cort

    Yea lets charge a fee from the start when our console was the highest of the three new ones. $600 + tax + a game + the online sub would really attract more people to us rather than xbox360.

    Yes, forgot about that. Good point.

    #11 4 years ago
  12. theevilaires

    No they would not have and I’ll tell you why. Every person I know including me didn’t start playing online or using PSN until about 6 months after the launch. It was only about 8 months after that, that I actually added my first friend. There was no content for a subscription based service to even stand on and as much fun as RFOM was it wasn’t worth paying online for. No game is…(MWfail2)
    Especially when die hard Sony fans (like myself) never really experienced a service like xbox live because we had so many great single player games on PS2 to keep us busy and happy.

    Sony had to play catch up to live even more so because the 360 version of live already had a great 1 year head start. This is a multi billion dollar company were talking about here. I’m sure they knew from the start that the best way to compete with Live was to offer a 95% free online service and see returns on premium content later. The stability of the PSN structure wasn’t even done until about the second year really.

    If Sony were to start charging for the service their best bet would be at the launch of PS4 because they’ve taken all their loyal fans minds that online play is great and a must have. People would probably cave in more to buy a sub then rather than coming from PS2 to PS3 when they never really had an online component during the PS2 life cycle.

    M$ brained washed all those xbots with Halo 2 that online play was the it in video games. Which was true, but they went a little farther by taking advantage of their consumers by stopping them from enjoying a good percentage of the whole game by making them pay extra for it.

    But your theory has it’s points too and that’s my conclusion….

    #12 4 years ago
  13. Blerk

    You can actually string together a half decent argument when you’re not being a mentalist, TEA. :-D

    #13 4 years ago
  14. Eregol

    Uncharted 2 MP is well worth charging for IMO.
    Glad they don’t though. Tis brill.

    #14 4 years ago
  15. Phoenixblight

    Well as the saying goes “You give them an inch and they take a mile”

    People went into TEA, they paid for it, thus encouraging Xbox live to be what it is today. We all voted with our almighty dollar.

    #15 4 years ago
  16. Zarckan

    I’d like a a bit of that please Mr Bony

    #16 4 years ago