"Sonic is reviving," Utsumi told CNBC's Arjun Kharpal, alluding to the success of the Sonic the Hedgehog adaptations in the box office. It comes as Sega is set to launch a new Yakuza game, Like a Dragon: Infinite Wealth, next year. watch nowSega recently launched the latest iteration of its Yakuza game. Collectively, the Yakuza game series has sold 21.1 million units since its debut in 2005, according to Sega. Buying more studiosSega is also on the hunt for more acquisitions as it seeks to expand its ownership of gaming studios, Utsumi said.

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Persons: Shuji Utsumi, Utsumi, CNBC's Arjun Kharpal, Sega Sammy, that's Organizations: Paramount, CNBC, Summit, Sega, Rovio, Angry Birds, PlayStation, Nintendo, Sony, Microsoft Locations: Libson, Portugal, lockdowns, Japan