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makingmusic476 said:

2nd party studio = an independent studio that is tied exclusively to one of the three console manufacturers, and only makes 2nd party exclusives for that company.

Insomniac is a 2nd party developer, and it looks like Media Molecule now is as well.  We don't know if they are tied to Sony via any sort of contracts, but Sony owns the IPs they work on (Ratchet, LBP), and they only have titles in the works for Sony's consoles.

Level 5 are a 3rd party developer that makes some 2nd party titles for Sony (Sony owns the White Knight Chronicles IP, and is fully funding development. They did the same for Dark Cloud 1/2, Rogue Galaxy, and Jeanne D'Arc).

 

Well explained. Music... im still scared of you though. :P very informative none-the less. :P