GameStop CEO Paul Raines thinks physical games aren't going anywhere. Speaking to Fortune, Raines said disc-based games "will be around forever."
Raines referenced a 50% decline in physical music sales and a 60% decline in physical movie sales, but said "even in a doomsday scenario, disc-based games will be around for a long time."
GameStop is well prepared for the digital-distribution future, even if its corporate leadership believes physical media is sticking around. The company did just under a billion US dollars in revenue from digital sales, which accounted for slightly more than 10% of its $9.3 billion in revenue for 2014.
Continue reading…
Continue reading...
Raines referenced a 50% decline in physical music sales and a 60% decline in physical movie sales, but said "even in a doomsday scenario, disc-based games will be around for a long time."
GameStop is well prepared for the digital-distribution future, even if its corporate leadership believes physical media is sticking around. The company did just under a billion US dollars in revenue from digital sales, which accounted for slightly more than 10% of its $9.3 billion in revenue for 2014.
Continue reading…
Continue reading...