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At the start of the gen Sony committed a whole bunch of its studios to GaaS games, many of which ended up getting canned.

Bluepoint for example was put to work on a live service God of War game that was cancelled earlier this year:

https://press-start.com.au/news/playstation/2025/01/17/a-live-service-god-of-war-game-from-bluepoint-was-in-development-and-has-been-cancelled/

Because of how long it takes to make modern AAA games, many of these studios may not release another game for like 5-6 years.