Founded in 2006, Media Molecule are a Surrey-based developer primarily known for their critically and commercially acclaimed LittleBigPlanet series, which started on PS3 in 2008. However, the IP continued without MM's involvement after 2011's LittleBigPlanet 2.
MM's last title was 2020's Dreams on PS4, so they therefore haven't released a PS5 game. Furthermore, despite Dreams releasing 6 years ago, MM still haven't even announced their next game, let alone shown gameplay. It has, however, been confirmed to be a new IP that will be more of a game than a creative tool like Dreams, and is led by the director of Tren (the best received made-in-Dreams game).
Whatever MM's next game is, to call it important is an understatement, as they're far removed from their greatest successes seen on PS3. Dreams wasn't close to a commercial success, all 4 founders quit over the past 5 years, and it was reported that MM nearly shuttered instead of London Studio in early 2024.
However, Sony needs the types of games MM make, even if it's not in their DNA to be commercially mainstream. For one, their many BAFTA awards provide utility that can't be quantified with money in/out. Experiments like Dreams also help diversify the PS Studios portfolio.
Yet with rising development costs and other external economic factors (such as their expensive location) at play, these more prestigious reasons may not be enough in 2026. It's therefore more likely MM close before shipping a PS5 game.
