Sony CEO Hiroki Totoki Sells 56.5% of Shares as PlayStation Faces 2028 Disc Backlash
Updated
Updated · Wccftech · Jul 9
Sony CEO Hiroki Totoki Sells 56.5% of Shares as PlayStation Faces 2028 Disc Backlash
3 articles · Updated · Wccftech · Jul 9
Summary
A new SEC filing shows Hiroki Totoki sold 56.5% of his Sony holdings days after PlayStation said it would sunset game-disc production in 2028.
That timing has intensified scrutiny of Sony’s handling of the move, which was announced without fully briefing partners and has triggered petitions, canceled PS Plus subscriptions and pulled pre-orders.
Serkan Toto of Kantan Games said Sony is unlikely to reverse course because digital sales are too lucrative; even 500,000 PS Plus cancellations would equal only about 1% of its roughly 50 million subscribers.
Daniel Ahmad of Niko Partners said Sony may still need to explain how discs will work on PS6, but he also sees a full reversal as unlikely despite the backlash.