The Japanese multinational conglomerate – Sony Group said on Wednesday it will pay out 2 trillion yen ($18.39 billion) over the next three years on judicious investments, together with a push to increase subscribers to gaming and entertainment services.
Sony said in a statement, it would advance investments in online and mobile services with the goals of expediating the number of customers directly connected to its services from 160 million to 1 billion people.
Sony is concentrating more on movies, games, and other content it sells through platforms such as its PlayStation games console, as it streamlines its customer electronic business.
The firm is making the most from strong demand for its PlayStation 5 launched in markets in November. A global shortage of chips means Sony Group is inadequate to match with demand for the games console, which it wants to use to inspire online game downloads and sign-ups for subscription services.
The Sony Group aims to ship 14.8 million PlayStation 5 consoles, in the business year that started April 1, 2021.
