Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.
Facebook and Instagram users won’t see any official PlayStation content in their feeds this July. Sony Interactive Entertainment (SIE) revealed it is halting all of its social media activity on those platforms (as GamesIndustry.biz first reported). This is in support of the recent #StopHateForProfit campaign, which urges marketers to pressure Facebook to do more to eliminate hate groups and offensive content on its platform.
SIE explained this decision in a statement:
In support of the #StopHateForProfit campaign, we have globally suspended our Facebook and Instagram activity, including advertising and non-paid content, until the end of July. We stand for working (and playing) together for good.
The campaign claims Facebook is responsible for providing a platform for bad-faith actors who target marginalized groups. The argument is that Facebook tends to let these groups operate and grow because it’s good for its bottom line. For companies advertising on the platform, having ads show up next to hateful content is bad for their bottom line. The situation has led companies like Coca-Cola, Honda, and Starbucks to demand that Facebook do more to prevent this.
Sony Interactive Entertainment is joining Microsoft in this effort. The Xbox company reportedly put a hold on its Facebook and Instagram spending in late June.
Three top investment pros open up about what it takes to get your video game funded.
Of course, Microsoft still owns a 1.3% share of Facebook’s stock. And the companies recently partnered to have the Facebook Gaming livestreaming-video platform take over Microsoft’s now-shuttered Mixer business.
While #StopHateForProfit hits Facebook where it hurts, CEO Mark Zuckerberg is resisting any meaningful change. He reportedly told staff earlier this week that advertisers will return “soon enough.” And with Microsoft and Sony looking to market next-gen consoles this holiday, Zuckerberg is probably correct.
GamesBeatGamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
- Newsletters, such as DeanBeat
- The wonderful, educational, and fun speakers at our events
- Networking opportunities
- Special members-only interviews, chats, and "open office" events with GamesBeat staff
- Chatting with community members, GamesBeat staff, and other guests in our Discord
- And maybe even a fun prize or two
- Introductions to like-minded parties