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The worst part about Sony's live service initiative was them buying relatively unknown studios like Firewalk/Haven. But they are essentially taking the same risk whenever they create a brand new studio like Team LFG or Dark Outlaw Games.

I actually see the Bungie acquisition being similar to Microsoft acquiring Rare in the sense that it might take some time for it to truly start paying off. But honestly Sony needed an inhouse FPS studio like Bungie anyway. They legitimately filled a gap in their portfolio.