Just two days after Sony’s announcement that the company would be leaving disc-based games behind after January of 2028, Sony CEO Hiroki Totoki sold 56% of his company shares during a small post-announcement bump in stock value.
As caught by Insider Gaming, the SEC filing shows that on July 3, Totoki sold 225,000 of his Sony shares at $21,02 per piece for a total of $4,7 million. Totoki is left with over 170,000 shares. Toshimoto Mitomo, Sony’s chief strategy officer, also sold 25,000 shares, 18% of his total, for the same value
There’s no denying Sony has underperformed against fan expectations during the PS5 era. Studio closures, endless game cancellations, an inexplicable focus on titles that nobody bought a PlayStation for, never-before-seen price hikes, and the recent Bungie debacle were more than enough to make this the bleakest time in the company’s foray into video games. We didn’t need to see the death of what made the PlayStation take over the world so soon, especially at a time when the fears over what Sony might do to our digitally-owned titles grow ever larger.
