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Sony then set its sights on the music industry, establishing its own record label and partnering with Philips to develop the compact disc (CD). The CD's success, combined with Sony's diverse business model, turned the company's financial situation around, leading to the acquisition of CBS Records in 1988.

Dominating the Gaming Industry

Sony's expansion continued into the video game industry in the 1990s. When Nintendo betrayed their partnership to develop a CD-based console, Sony decided to go it alone, launching the PlayStation in 1994. The PlayStation's use of CDs and superior technology made it a much more attractive platform for game developers, leading to the console's massive success, with over 100 million units sold.

The PlayStation 2, released in 2000, became the best-selling game console of all time, with over 150 million units sold. Sony's ownership of popular game franchises like Ratchet and Clank, God of War, and Gran Turismo proved to be a significant

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