Justin Carter, Contributing EditorJanuary 22, 20252 Min ReadImage via PlayStation/Insomniac Games.At a GlanceHaving felt 'incredibly fortunate' to lead Insomniac since its inception, Price is stepping down to let other devs lead it.Ted Price, longtime CEO of PlayStation studio Insomniac Games, is retiring from the games industry in March.In a statement, Price explained he "felt it was simply time to step aside and let others pave the way for [the] team.""Last week, I felt comfortable announcing to the Insomniac team that after having been incredibly fortunate to enjoy such a fulfilling career in games, Ill be departing," he added.Price founded Insomniac in 1994, when it was originally called Xstreme Software for its first year. After releasing its debut game, 1996's Disruptor, Insomniac went on to create several key franchises for the PlayStation brand, including Spyro the Dragon, Ratchet & Clank, and Marvel's Spider-Man. Sony fully acquired the studio for $229 million in 2019.His exit is the latest high-profile departure for PlayStation. Sony Interactive Entertainment president Jim Ryan retired after his own 30-year tenure in March 2024, and fellow executive Shuhei Yoshida officially left the company in January 2025.The future of Insomniac GamesAfter Price leaves in March, Insomniac will be run by a trio of co-heads: CFO Jen Huang, brand/leadership head Ryan Schneider, and creative head Chad Dezern. All three have been with Insomniac for at least a decade or more. Price wrote that they were "intimately familiar with how we do things...and have earned people's trust.""For many years, Chad, Jen and Ryan have been instrumental in making Insomniac what we are today," Price continued. "Theyve consistently demonstrated the kind of collaboration and transparency thats part of our DNA. And just as important, their skillsets are truly complementary.[...] Im confident that under the combined leadership of Chad, Jen and Ryan, Insomniac will continue to deliver the industry-defining games that players have come to expect from uswhile making a positive and lasting impact on peoples lives for decades to come."Speaking to the studio's future, Price said Insomniac is "fully focusedon building games for our fans" after a challenging 2024, when the studio laid off workers and suffered the leak of staff information and details on future projects after being hacked. Despite that, he said the company "is in one of the strongest positions weve experienced in years, with each game in development looking beautiful and playing fantastic.""I want to thank every Insomniac for having a positive and lasting impact on my life," concluded Price. "Working side by side with Insomniacs for so many years has been a gift that Ill cherish for the rest of my days.[...] Thank you to Insomniacs, to our players and to videogames for 30 wonderful years."Read more about:[Company] PlayStationTop StoriesAbout the AuthorJustin CarterContributing Editor, GameDeveloper.comA Kansas City, MO native, Justin Carter has written for numerous sites including IGN, Polygon, and SyFy Wire. In addition to Game Developer, his writing can be found at io9 over on Gizmodo. Don't ask him about how much gum he's had, because the answer will be more than he's willing to admit.See more from Justin CarterDaily news, dev blogs, and stories from Game Developer straight to your inboxStay UpdatedYou May Also Like