Bungie’s CEO, Pete Parsons, has stepped down as leader of the game development studio amid delays to its latest game, Marathon. The game was originally scheduled for a September 2025 release but has been delayed indefinitely due to negative backlash from gamers. The departure marks the end of an era for Bungie and raises concerns about the company’s future.
The studio’s decision to switch to a cyberpunk aesthetic in Marathon did not sit well with fans, leading to widespread criticism. This has led some to speculate that Bungie may lose its independence and be absorbed into Sony’s PlayStation Studios. As the developer behind Microsoft’s original Halo trilogy, this would be a sad fate for the company.
Despite the negative news, Sony’s stock price was up 3.55% on Friday following the announcement. The company has a diverse portfolio of entertainment revenue streams, including movies, music, and games. Wall Street analysts are cautiously optimistic about Sony’s prospects, with a Moderate Buy rating and an average stock price target of $30.50.
Source: https://www.tipranks.com/news/sony-stock-rallies-as-bungie-ceo-departs