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PlayStation has confirmed there are currently 25 first-party games in development for the PlayStation 5 and more than half of them are possibly brand new IP.
PlayStation Studios boss Hermen Hulst was talking to Wired for a feature about the PS5's first six months: "There’s an incredible amount of variety originating from different regions," which, he claims, include "big, small, different genres."
The games we know that are coming to PlayStation 5 are Ratchet & Clank: Rift Apart, God of War: Ragnarok, and Horizon: Forbidden West. PlayStation also has two partnerships with other studios that include Haven Studio which is Jade Raymond's new studio and a multiplayer project from Firewalk, a studio founded by Bungie developers.
Later on in the feature, PlayStation's CEO Jim Ryan went on to try and play down previous reports of PlayStation 5 stock issues for the foreseeable future, saying "We’re working as hard as we can to ameliorate that situation. We see production ramping up over the summer and certainly into the second half of the year, and we would hope to see some sort of return to normality in terms of the balance between supply and demand during that period."
The interesting note is if this generation lasts along long as the previous generation, 25 games only works out to be 3 games a year. The fact that almost half are new IP which would mean they would need more development time than say a squeal is somewhat telling that these games are for the entire generation. If that is so, it's kinda lackluster with Microsoft owning 23 studios with each studio working on multiple projects. That is all speculation though, Hopefully, the 25 games are not including already known titles and we'll see a ton of cool games coming to PS5 in the future.