Sony shifts investment focus to boost PlayStation gaming business.

Sony has reduced its capital allocation for strategic investments, acquisitions, and share buybacks to $13.04 billion, freeing up more cash for its PlayStation games division and other segments. The move comes as Sony gears up for a record 25 million PS5 console production and shipment cycle, as well as major new first-party games across live services and dedicated console gaming. The spending spree is set to continue through FY23, reflecting continued spending on Sony's multi-platform games strategy, including live services, mobile games, and more PS5 titles, as well as continued payments for the Bungie acquisition and recognition of Sony's recent purchase of Firewalk studios.