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Jordan Gerblick

Even as Concord dies a fast death, Sony exec says PlayStation doesn't have enough original IP and "that's an issue for us"

Sony PlayStation Hiroki Totoki Kenichiro Yoshida FT

Tom Holland in the Uncharted movie.

Sony CFO Hiroki Totoki says PlayStation doesn't have enough original IP as the company prepares to yank its first-party online shooter Concord from store shelves.

Totoki told Financial Times (thanks, PlayStation Lifestyle) that Sony's lack of original IP - that is, intellectual property that it created from whole cloth - is a real problem for the company. Meanwhile, FT reports that Sony is banking on a "multibillion" dollar push toward developing more original IP to partially drive a "creation shift" at the company.

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