Former PlayStation boss says 'stupid money' crippled the game industry

Shuhei Yoshida, former PlayStation boss, attributes the recent turmoil in the video game industry to reckless spending during the pandemic, leading to over-investment and numerous studio closures. He suggests that large companies should diversify their portfolios rather than investing heavily in a few major projects to achieve sustainability. Yoshida believes that focusing on smaller projects may offer stability and foster creativity within the industry.