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A complete list of Sony's studios and their titles, from my video game study documents
(note that this may not be up to date, and some minor or old titles may be missing, feel free to add them)

ASIA

• SCE Japan Studio : LocoRoco serie, Patapon serie, Echochrome serie, Ape Escape serie, The Eye of the Judgment serie, Knack, Legend of Dragoon, Puppeteer

- Team Ico: Ico, Shadow of the Colossus, the Last Guardian

- Project Siren : Forbidden Siren serie, Gravity Rush serie

- Playstation C.A.M.P.: Tokyo Jungle, Rain

- J.S.E.D.D.: Soul Sacrifice, Freedom Wards

• Polyphony Digital : Gran Turismo serie

• From Software (third party) : King's Field serie Shadow Tower serie, Evergrace serie, Armored Core serie, Demon Souls serie, Bloodborne

NORTH AMERICA

• NaughtyDog : Crash Bandicoot serie, Jak & Daxter serie, Uncharted serie, The Last of Us

• Santa Monica Studio : God of War serie, Playstation All-Star Battle, Soundshapes, Kinetica

• Sucker Punch : Sly Cooper serie, InFamous serie

• SCE San Diego: The Mark of Kri, ModNation Racers serie, MLB: The Show serie

• Ready At Dawn (second party): The Order 1886

• Insomniac (until 2010) : Spyro serie, Ratchet & Clank serie, Resistance serie

• Eidetic (until 2001 - defunct) / SCE Bend Studio: Syphon Filter serie, Uncharted PSP serie

• ThatGameCompany (second party) : Flow, Flower, Journey

• Giant Sparrow : The Unfinished Swan, Edith Finch

• HoneySlut: Frobisher Says!, Hohokum

• Pixel Opus: Entwined

• Titan Studios: Fat Princess serie

• NanaOn-Cha: PaRappa The Rapper serie, Vib-Ribbon serie

• Idol Minds: Cool Boarders serie, Pain, Neopets: The Darkest Faerie

• Zipper Interactive (2002 to 2012 - defunct): SOCOM serie

• Incognito Entertainment (until 2009 - defunct) / Eat Sleap Play: Twisted Metal serie, Warhawk serie

EUROPE

• Quantic Dream (second party) : Omnikron, Farenheit, Heavy Rain, Beyond Two Souls

• Guerilla Games: Killzone serie

- Guerrilla Cambridge : Medievil serie

• MediaMolecule : LittleBigPlanet serie, Tearaway

• Evolution Studio : WRC serie, Motorstorm serie, DriveClub

• SCE London Studio: EyeToy games, Singstar serie, Wonderbook games, Playroom

• SCE Liverpool Studio (until 2012 - defunct) : Formula One serie, Wipeout serie

So I would say: No, Sony is not missing studios, neither franchises. They're missing either the budget or are being greedy to finance projects. Pretty much like Nintendo.