Sony drops $20-mil into games for PlayStation Network

Sony Computer Entertainment America has revealed a plan to invest $20 million in unique games tailored exclusively for PlayStation Network (PSN). The money will be distributed during the coming three years to Sony affiliated studios as well as to independent game makers chosen for backing by a “Pub Fund” the Japanese entertainment colossus established in 2009.
The move is part of a strategy by Sony to win more fans to its online PSN for PlayStation 3 videogame console users by providing enticing games unavailable at rivals such as Xbox Live. This investment comes as analysts try estimate the cost to Sony in revenues and brand damage caused by the hacker attacks and data theft, with estimates running from tens of millions of dollars to billions.