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Shares of GameStop, the retail chain world’s largest video game, fell sharply yesterday after the announcement of PlayStation Now, the transmission service games Sony will provide access to the library of PlayStation titles from various devices via the Internet.
The reason for this is clear: if successful PlayStation Now, call into question the need for physical stores to distribute the games.
Specifically, the value of the assets of the company decreased 8% and some analysis firms recommended not to buy shares and wait. Although now a 2% rebound is recorded, the firm Sterne Agee suggests buying again because the new consoles will still sell physical games.
The reaction was overdone yesterday, said Arvind Bhatia consultant. “The business model for streameados games is much harder than it looks.” He added. Recall that the most recognized before Now PlayStation OnLive streaming platform was, and this was in crisis in August 2012, but still exists.
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