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We now know how much Sony paid for Insomniac Games

Insomniac Games, the Spider-Man and Ratchet and Clank studio, cost Sony almost a quarter of a billion dollars.

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Sony / Thumbsticks

Insomniac Games, the Spider-Man and Ratchet and Clank studio, cost Sony almost a quarter of a billion dollars.

Insomniac Games was founded by Ted Price in February 1994. Originally known as Xtreme Software, the company had to change its name due to a clash with another studio. (We can’t quite believe that two separate companies wanted to be called “Xtreme” but Insomniac was available. It was a different time.)

From its early days, Insomniac was a PlayStation house. With Disruptor and the Spyro series on the original PlayStation, then Ratchet and Clank on PS2, before dual-wielding Ratchet and the Resistance series on the PS3, Insomniac and Sony have gone hand in hand since the early days.

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Then everything changed when Microsoft Game Studios attacked. Insomniac developed and released Sunset Overdrive for Microsoft on Xbox One in 2014 and, later, Windows PC.

From there, Insomniac developed multi-platform and VR games for a few years, before coming home to Sony in 2018 with Marvel’s Spider-Man on PS4. The game was a widespread critical and commercial success, and Sony clearly agreed: it bought Insomniac Games six months ago.

Insomniac Games became a part of PlayStation Worldwide Studios. Presumably, that means we’ll be seeing a sequel to Marvel’s Spider-Man. Who knows? Maybe we’ll also see Ratchet and Clank back again on PlayStation 5. You never know – Sony might even be able to wrangle a PlayStation release of Sunset Overdrive, now that it owns Insomniac.

Now, thanks to an earnings report from Sony, we know how much it paid for Insomniac Games: $229 million US (around 25 billion yen, £177 million GBP, or €210 million).

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With that price tag, and with Mark Cerny’s insistence on using Insomniac’s web-slinger to highlight the lack of load times on the PlayStation 5, we wouldn’t be surprised to see a cross-generational remaster of Marvel’s Spider-Man on PS5 to help Sony get its money’s worth from that purchase price.


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Tom is an itinerant freelance technology writer who found a home as an Editor with Thumbsticks. Powered by coffee, RPGs, and local co-op.

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