Exactly. I remember when Sony was doing remakes, people used to say, stop wasting funds, give us new games, yet no one gave more new IP's in four generations than Sony and last gen was no exception.
Thing is, I've thought about that. I actually do think Sony has or can make an excellent emulator.....However putting all these old games on the store or going through the hassle of licensing, getting all disks to work, though they can do it....What's the point, few people play BC anyway and when they boot these old games up you will hear "hey, this game really did not age well".....The truth is, people prefer remakes/remasters, they will buy it again, it does not matter.... and if done well and some effort is put into them, they can sell gangbusters......
People said, who asked for crash. It broke sales records. Sotc did well and reviewed well. Demon Souls the same... gamers actually prefer their games to be updated....Look at the RE series, it just prints money. Even Nintendo gives modest upgrades to their old games on hardware that is barely much more powerful than the prior and people still lap it up at $60......I think Sony knows there is money to be made in remastering older games.....EA was reluctant, even they are now on the train with Mass Effect, Crysis etc... as one of their biggest new IP productions was an utter failure in Anthem....In this industry you can't keep financing failed ventures or leaving money on the table.....I think Jim Ryan understands that. Some Studios have to be shuttered so be it, putting some games on PC so be it. Yet more than anything, Sony's biggest strength is their talented studios, they have the biggest propensity to make a new IP work, to produce quality, high production products... As we can see, it's not exactly easy seeing many AAA games not living up to the hype or generating the necessary sales, but Sony has mastered that art...
And lets be clear, console hardware is just as important as ever, even more so....You need a high installbase to drive all the money spent in high quality first party and third party exclusives....