Marvel’s Spider-Man and Ratchet and Clank developer Insomniac Games is seeing some notable changes with its leadership. Ted Price, who founded the studio in 1994 and has served as its CEO for more than 30 years, has announced that he will retire and leave the games industry at the end of March.
“Despite a challenging 2024, Insomniacs stayed fully focused on building games for our fans,” Price’s announcement reads. “As a result of the team’s persistence and collaboration, we’re in one of the strongest positions we’ve experienced in years, with each game in development looking beautiful and playing fantastic.
“Therefore, last week, I felt comfortable announcing to the Insomniac team that after having been incredibly fortunate to enjoy such a fulfilling career in games, I’ll be retiring from the industry at the end of March. Today, I’m sharing this news more broadly.
“I actually made this decision last year. For me, after over 30 years of leading Insomniac, I felt it was simply time to step aside and let others pave the way for our team.
“During the past year, I had the opportunity to work with the senior leadership team at Insomniac to create a succession plan that I know will provide the continuity, stability and strong leadership necessary to deliver more of what our fans cherish over the next several decades.”
Price is being replaced by three new co-leads at Insomniac Games. They include Chad Dezern (formerly the Head of Creative), Ryan Schneider (formerly the Head of Brand and Leadership Strategy), and Jen Huang (formerly the CFO).
In a lengthy message published on the official PlayStation Blog, the studio’s incoming trifecta of new co-heads has spoken about the outgoing CEO’s work and legacy. They also say Insomniac will continue to work on the kind of titles that the studio has come to be known for.
“Our shared intention is to preserve what has made Insomniac special for 30-plus years while exploring how we can strategically evolve to succeed for decades to come,” they said. “We’ll continue prioritizing our studio culture, built around transparency and collaboration. We strive for a workplace where employees can do the best work of their careers.
“What does all this mean for our players and fans? We’re going to keep making the games you love while taking care of the people who make them. This aligns with our studio vision of making a positive and lasting impact on people’s lives.”
Insomniac Games is currently working on Marvel’s Wolverine. Announced in 2021, the game reportedly saw a recent change in creative leadership. Reports have alleged it will launch sometime in 2026.
Meanwhile, Marvel’s Spider-Man 2, currently available for PS5, launches for PC on January 30.
