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The W - Video Games - Playstation Now
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Kevintripod
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Since: 11.5.03
From: Mount Pleasant, Pa.

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#1 Posted on | Instant Rating: 5.98
http://www.forbes.com/sites/briansolomon/2014/01/07/gamestop-plunges-after-sony-unveils-playstation-now-streaming-service/?partner=yahootix

GameStop Plunges After Sony Unveils PlayStation Now Streaming Service


The video game world shook on Tuesday afternoon after Sony announced (along with a new Internet-based television service in the US) a streaming service called PlayStation Now at the Consumer Electronics Show. Video game retailer GameStop shares sank immediately following the news, as gamers considered a future without physical CDs and visits to their local store.

As Forbes contributor Erik Kain explained today, PlayStation Now is a cloud-based project that brings original PlayStation, PS2, and PS3 games to the PS4 console and handheld PS Vita, as well as other Internet-connected devices like HDTVs, tablets, and smartphones.

PlayStation Now likely builds off technology Sony acquired when it purchased streaming company Gaikai in 2012. It begins testing at the end of January and Sony expects to release it completely by mid-2014. According to the company, there will be both subscription and rental plans.

Where that leaves a brick-and-mortar retailer like GameStop is a good question. The company’s stock is up nearly 78% in the last year and it posts annual revenue over $8 billion. But with video games increasingly moving online to streaming models, GameStop could find itself as the Blockbuster of the video game industry, doomed to watch as their lucrative console game business is swallowed up by online services.

Meanwhile, analysts at Stifel Nicholas downgraded GameStop stock to “hold.” At Tuesday’s close, the shares had fallen 8.37%.





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Oliver
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Since: 20.6.02
From: Kolob

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#2 Posted on | Instant Rating: 4.40
Not sure I buy the entire "Gamestop is DOOMED" rhetoric - there are those who still prefer to buy hardcopy versions of games.

How does this differ from the creation of the Wii Shop, the Xbox Marketplace and the Playstation Store? Those surely would have/could have caused the same effect to Gamestop shares.



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thecubsfan
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Since: 10.12.01
From: Aurora, IL

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#3 Posted on | Instant Rating: 9.35
People are still going to want physical copies, but the volume is eventually going to dip. You'll always be able to by disc copies, but maybe it'll only be in Walmart because there won't be enough demand to support a gaming store.

Still, this is a long way off of that. And even then, it seems more like much more a threat to GameFly, which is basically Netflix's DVD service (Quixster?) with someone else beating them to the streaming service. (And just like with all the streaming video services, the success depends on what titles are available.)

You can sign up for more info - and maybe the beta? - here.



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KJames199
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Since: 10.12.01
From: #yqr

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#4 Posted on | Instant Rating: 8.68
    Originally posted by Oliver
    How does this differ from the creation of the Wii Shop, the Xbox Marketplace and the Playstation Store?
Because (in theory, at least) it would work like Netflix - instead of buying one game at a time, you'd pay a flat fee and stream as much as you want. Surely (like with Netflix), newer titles wouldn't be included right away, but there'd be enough older stuff to keep a casual fan entertained indefinitely.

Between this and my Xbox debacle, this has me leaning towards a PS4 when I do upgrade to a newest-gen console. That's still a ways off, though.
wmatistic
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Since: 2.2.04
From: Austin, TX

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#5 Posted on | Instant Rating: 1.74
I'm into anything that may be bad for Gamestop, but really why isn't the Internet all up in arms about a system that requires you to be online to play and won't use discs? Isn't that what all the shouting was about when the Xbox One was first announced?

Once they have more games I'll probably pick up a PS4, but I don't know that this service means much to me either way.

Oliver
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Since: 20.6.02
From: Kolob

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#6 Posted on | Instant Rating: 4.40
    Originally posted by KJames199
      Originally posted by Oliver
      How does this differ from the creation of the Wii Shop, the Xbox Marketplace and the Playstation Store?
    Because (in theory, at least) it would work like Netflix - instead of buying one game at a time, you'd pay a flat fee and stream as much as you want. Surely (like with Netflix), newer titles wouldn't be included right away, but there'd be enough older stuff to keep a casual fan entertained indefinitely.

    Between this and my Xbox debacle, this has me leaning towards a PS4 when I do upgrade to a newest-gen console. That's still a ways off, though.
So, it's like the Sega Channel, right?

I'm still not sold. If anything, if one considers how long it took for Netflix to launch in Canada, Gamestop and EB Games up here have nothing to worry about for the next two years.



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KJames199
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Since: 10.12.01
From: #yqr

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#7 Posted on | Instant Rating: 8.68
    Originally posted by Oliver
    So, it's like the Sega Channel, right?

    I'm still not sold.
How are you posting here from 1995?

Wait... are you Sam Beckett? Did you leap into Oliver's body to set right what once went wrong? Oh boy.
    Originally posted by Oliver
    If anything, if one considers how long it took for Netflix to launch in Canada, Gamestop and EB Games up here have nothing to worry about for the next two years.
This... is not encouraging me to buy GameStop stock.

Retail discs won't go away overnight and I don't think it's likely that Canada will be first in line for Playstation Now (though it's not impossible). But if I run a GameStop, I'm driving to work every day past the empty shells of former record stores and Blockbuster Videos and I'm strongly contemplating my career options.
KJames199
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Since: 10.12.01
From: #yqr

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#8 Posted on | Instant Rating: 8.68
    Originally posted by wmatistic
    why isn't the Internet all up in arms about a system that requires you to be online to play and won't use discs? Isn't that what all the shouting was about when the Xbox One was first announced?
You'd have the option of using this service with a PS4 or a Vita, not exclusively as a standalone service. And at first, I bet you'll only be able to use this service on those two devices.

Netflix is useless if my internet goes down, but I still love it. I just haven't gotten rid of cable. Yet.
lotjx
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Since: 5.9.08

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#9 Posted on | Instant Rating: 1.31
I got rid of cable and have Hulu with Netflix. I would like the download plan if the games cost less which I doubt they will. I also have fuzzy entire that is why I also keep getting Blu Rays and DVD sets.



The Wee Baby Sheamus.Twitter: @realjoecarfley its a bit more toned down there. A bit.
thecubsfan
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Since: 10.12.01
From: Aurora, IL

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#10 Posted on | Instant Rating: 9.35
I feel like we're going to repeat this "but people would really rather not have to go on the internet to buy this content!" conversation in about 3 hours. Just like with that, don't forget price - if Last of Us is sitting on PS Now in July for a $7/week rental and it's sitting in a box in Gamestop for $30, I'm probably not getting off my couch no matter how much I like holding things in my hand. Someone's always going to be selling vinyl records, but it's a niche market and not something that'll support a chain. Cheaper and easier wins out over quality most of the time, and sometimes it takes just cheaper or easier.


    really why isn't the Internet all up in arms about a system that requires you to be online to play and won't use discs?


because there's nothing requiring you to use this service and these two things don't seem comparable at all.



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Since: 9.12.01
From: Bay City, OR

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#11 Posted on | Instant Rating: 9.14
I play my PS+ games downloaded to the HD about 5:1 to disc games now, and I have only a few months worth to choose from. I already prefer the downloaded games to disc games, though.

I can understand the draw of this, and I'm interested.




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Kevintripod
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Since: 11.5.03
From: Mount Pleasant, Pa.

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#12 Posted on | Instant Rating: 5.98
(A little more info on Playstation Now)

http://www.fool.com/investing/general/2014/01/08/sony-will-do-to-gamestop-what-netflix-did-to-block.aspx

Sony Will Do to GameStop What Netflix Did to Blockbuster

At the Consumer Electronics Show on Tuesday, Sony (NYSE: SNE) unveiled "PlayStation Now," an upcoming, cloud-based video game service that, if successful, could ultimately devastate GameStop's (NYSE: GME) business.

While Sony wisely took advantage of the PR backlash caused by Microsoft's (NASDAQ: MSFT) embrace of digital gaming in 2013, the Japanese giant has gone further -- its new service takes digital gaming to an entirely new level.

PlayStation Now -- The next evolution of digital game distribution
With PlayStation Now, Sony has essentially created a Netflix for games. Pricing and release details haven't been finalized, but Sony has laid out the basic workings of its upcoming service: PlayStation Now customers will pay a subscription fee to access a catalog of games released for prior PlayStation (1, 2, and 3) consoles.

These games will be cloud-based, streamed over the Internet to subscribers' PCs, mobile devices, Sony HDTVs, or PlayStation 4 video game consoles. Subscribers will not actually own any of the games -- they'll simply get access to them as long as they pay for a subscription. Some video gamers may resist the service, preferring to continue buying games individually, but many others will embrace it -- one low monthly fee will give them access to a vast library of games.

Microsoft envisions a digital future
Sony's vision is, in fact, a more radical version of Microsoft's original plan for the Xbox One. When it first announced the console, Microsoft drew the ire of the gaming community for a number of design decisions. As planned, Microsoft's Xbox One would've required a regular Internet connection to function, and buying or reselling used games would've been difficult, if not impossible. Microsoft later relented on its plans, shipping an Xbox One that was not so restrictive.

But Microsoft, like Sony, obviously sees a gaming future that's built around digital distribution. With its dedicated Azure cloud-computing servers, Microsoft could eventually follow Sony's lead. In fact, Microsoft has been rumored to be working on its own cloud-based gaming service, while it continues to push digital video game sales. One of the Xbox One's launch titles, Killer Instinct, cannot be purchased in any store -- it's only available digitally.

Physical game discs will become ancient relics
The rise of digitally distributed games is nothing short of a deadly trend for GameStop. Shares of the retailer fell more than 8% on Tuesday, and with good reason. GameStop derives nearly all of its revenue and profit from the sale of physical games. If games go digital, GameStop will, quite literally, have almost nothing to sell.

Sony's service is even more detrimental to GameStop because it cuts out hardware sales -- there's no need to buy a video game console from GameStop when your Sony TV is capable of streaming games from the Internet.

I own put options on GameStop stock because I believe, fundamentally, that we're witnessing a trend that's played out in retail many times before: Like iTunes bringing down Tower Records, or Amazon putting Borders Books under, or Netflix sending Blockbuster into bankruptcy; like those retail giants that depended on media sales before it, GameStop is facing a grim future as its product goes digital.






"You have enemies? Good. That means you've stood up for something, sometime in your life." - Winston Churchill
thecubsfan
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Since: 10.12.01
From: Aurora, IL

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#13 Posted on | Instant Rating: 9.35
Curveball: you'll need a Dualshock controller to use PS Now. Not just for PS3/PS4, but if you're playing on a tablet or a phone, you also need to have the normal controller for input; ther'es no touchscreen controls. That makes sense from a game play standpoint but seems mildly inconvenient.

(edited by thecubsfan on 8.1.14 2326)


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Since: 11.12.01
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#14 Posted on | Instant Rating: 7.28


    Originally posted by KJames199
    Wait... are you Sam Beckett? Did you leap into Oliver's body to set right what once went wrong? Oh boy.


Best show ever.



Oliver
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Since: 20.6.02
From: Kolob

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#15 Posted on | Instant Rating: 4.40
    Originally posted by pieman
      Originally posted by KJames199
      Wait... are you Sam Beckett? Did you leap into Oliver's body to set right what once went wrong? Oh boy.


    Best show ever.
I don't get the reference, can someone enlighten me? :)



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Eradicator
Kolbasz








Since: 4.1.02
From: Chicago

Since last post: 28 days
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#16 Posted on | Instant Rating: 4.29
Disc based games will still be going strong for quite a while just based on the fact that PS Now will only be used for old games from previous systems. It's a great additional service but not a replacement for what keeps gamers going in the hobby. That is one of the reasons that most recent systems haven't put time/money into backwards compatibility- because it doesn't actually get used that much. They aren't going to be satisfied with just playing games that have been out for months or years. And Sony is not going to kill sales of the PS4 by streaming current generation games straight to a TV or tablet any time soon.

Granted people can buy PS4 games digitally which also hurts Gamestop, but game sizes on PS4/Xbox One are so huge that many will still just want to buy the game and install if off of disc. Buying retail games digitally became a reality in the last few years of the most previous gen and it hasn't seemed to hurt Gamestop too much yet.

There was even an article recently that said Microsoft entertained the idea of having no disc drive in their new system at all but knew that they needed it there for people who couldn't/didn't want to download a 50 gb game. Plus, you will always have the collectors who want something physical to call their own.

I would say in 10 years or so there might not be "systems" at all and Playstation and Xbox will just be a services, but Gamestop has some time. It was bound to happen eventually.



(edited by Eradicator on 11.1.14 1030)
hansen9j
Andouille








Since: 7.11.02
From: Riderville, SK

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#17 Posted on | Instant Rating: 8.60
http://en.wikipedia.org/wiki/Sam_Beckett



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