Sony Gives "Powers" to PlayStation TV

Sony (NYSE: SNE  ) is boosting its options by agreeing to develop a live-action adaptation of acclaimed comic book Powers for PlayStation TV, Fool contributor Tim Beyers says in the following video.

In some ways, the timing couldn't be better. Twenty-First Century Fox (NASDAQ: FOXA  ) tried and failed twice to get a Powers pilot on air. Last year, Microsoft (NASDAQ: MSFT  ) announced plans for an Xbox TV series based on the hit game, Halo. Sony is defending its turf with a property that fans want to see.

Granted, it's more likely to be a defensive move. The console war is heating up with Valve introducing Steamboxes, and the Xbox One commissioning a huge exclusive in Titanfall. Exclusive PlayStation TV programming could draw gamers otherwise on the fence to Sony's consoles.

Yet, the story doesn't begin and end there. Sony is a studio, after all, and producing content is key to its business. The "Pictures" segment responsible for movie and TV production and distribution accounted for 10.7% of revenue and 20.8% of operating profit in the most recent fiscal year, a portion of which derives from deals to resell original programming via DVD, Blu-ray, on-demand, international territories, and the like.

In that sense, PlayStation TV could become a long-term seeding ground for properties that go on to produce years of high-margin, annuity-style license revenue. Just the sort of deal that could help Sony boost cash flow for feeding the sorts of franchise-building efforts needed to differentiate the studio from its peers.

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Tim Beyers

Tim Beyers first began writing for the Fool in 2003. Today, he's an analyst for Motley Fool Rule Breakers and Motley Fool Supernova. At, he covers disruptive ideas in technology and entertainment, though you'll most often find him writing and talking about the business of comics. Find him online at or send email to For more insights, follow Tim on Google+ and Twitter.

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