<ul><li>Former Sony president Shuhei Yoshida criticized the games industry for overspending during COVID pandemic.</li><li>Yoshida pointed out the 'stupid money' injected into the industry and the consequences of over-investment and over-hiring.</li><li>He recommended major companies to invest in a portfolio of titles instead of relying on a few major hits to mitigate risks.</li><li>Yoshida emphasized the importance of diversifying investments in entertainment products due to unpredictable sales and changing consumer preferences.</li></ul>

Former Sony president blames the games industry implosion on ‘stupid money’ spent during COVID

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