Sony has less First Party Studios than Microsoft. 21 vs 15

[bananaking21]

JayWood2010 said:

bananaking21 said:
can somebody explain to me the difference between first party and second party?

 

First Party - Completely owned by the platform holder 

Second Party - Usually a third party studio who has been contracted by the platform holder to work on a license owned by the platform holder 

Third Party - A game developed by an outside company based on their own original intellectual property 

 

so second party developers can stop making exclusives for a platform, but they dont own the IP.