510°

Pachter: Game Companies Incredibly Greedy, Morons & Idiotic to Charge $70 for Games

On a recent episode of the Pachter Factor, Michael Pachter laid out the real reason why the price of games is increasing and it's not because development costs have gone up.

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darthv721126d ago

huh... completely forgot about this guy.

Jin_Sakai1126d ago

I finally agree with Pachter. Never thought this day would come. Lol

thecodingart1126d ago

Same, this is sort of a miracle..

TallDarknWavy1126d ago

Pachter's predictions are usually wrong but he's still very pro-consumer.

CaptainHenry9161126d ago

Yup I agree with him as well

Gaming4Life19811126d ago

Same here Jin lol. I completely agree with him on this subject matter.

Wrex3691126d ago

You and 80% of N4G I remember this guy getting LAUGHED at hard on here like 6-7 years ago. Jesus.. time flies..

northpaws1126d ago

Don't forget whatever he says the opposite would become true, so $70 will become very reasonable in the future.

JackBNimble1126d ago

This is what the left does to appease left wing activists... it's called pandering

+ Show (4) more repliesLast reply 1126d ago
IamTylerDurden11126d ago

Do ppl still listen to this guy? He was a joke a decade ago. Any article with Pachter as it's source is weak sauce. And yes, nobody wants price increases, but looking at the fact that an official increase hasn't occurred in decades, it at least makes sense on next gen exclusives considering inflation alone has dropped profit margins and legitimately great developers with well known IP are struggling to stay afloat.

I'm speaking for myself, in the USA. I know Canadians and even UK residents have been struggling with more abhorrent prices, but I can only comment on what I know, and what I see. $10 more, for me, on next gen exclusives is a drag, but certainly understandable if it helps projects become profitable and ppl keep their jobs.

Now, I understand the counter is, but the publishers are greedy and the money will merely line their pockets. Technology makes development cheaper if anything. No. Just no. Devs/pubs are dropping like flies. Independent developers are forced to sign bad deals or be acquired. The desperate need to break even amidst rising costs is the reason why we continue to see fans getting screwed over with EGS deals and arrangements like the one with Yakuza Like a Dragon that ultimately spit in the face of the fans that have truly supported the franchise over the past generation. Publishers need revenue more than ever, so they are more willing to sign deals that hurt their reputation or their own fan base.

Major AA or AAA games are indeed more expensive to make/market, particularly on next gen. Projects are riskier and riskier, hence why we see games taking less risks and injecting more egregious monetary practices. MTX in full priced titles are commonplace. Day one DLC, tacked on GaaS features or season passes, and the rise of the lootbox are all because of the fact that publishers need to squeeze more revenue from these releases. The prevalence of game services only adds to the MTX craze. It alters the business model into something more akin to a f2p.

In other words, the lack of the game industry's ability to increase base price to a minimum level of at least keeping pace with inflation has largely created these abhorrent financial practices that have poisoned gaming over the past half decade or more. If this minor (for me in America) next gen price increase can help to counterbalance some of these practices and make games releases more clean, I can live with it. Obviously some will abuse it by continuing to stuff their full priced next gen products with egregious MTX, but if some portion of publishers can use the increase as a means to not nickle n dime the consumer in other areas and if it can give quality ppl and quality products more security and more confidence in taking risks, again, I can live with it. We'll see.

1126d ago
Bruh1126d ago

Guy works at Wedbush and you don't lmfao so whose winning huh

Kurt Russell1126d ago (Edited 1126d ago )

Games are more expensive to make and market yes. But the audience has increased significantly increasing profits.

Where I am prices have gone from £50-55 up to £69.99. That's way above inflation. People's wages however have declined during the same period on average.

If anything it will be least interesting. I know for me, this hike has decreased my likeliness to spend on a new game. It'll have to be near perfectly reviewed and empty of micro transactions for me to even consider it.

These companies are reporting record profits whilst letting their developers go (I'm looking at you Activision). Meanwhile the guys at the top are collecting massive $200 million bonus'. If you think Devs are profiting from this you'd be wrong.

1nsomniac1126d ago

So wrong on so many levels. The facts are easy enough to find. Charging £70 for a game is obscene. Many of these devs make their entire costs of development back in a single day. Are you really trying to suggest that they’re hard done by and struggling??

DJStotty1126d ago

@iamtylerdurden1

You are completely missing the fact that game companies make millions and millions off of games these days through MT's, which they opted for as opposed to DLC.

So these companies charging $70 for a game, and then milking you on top of it through MT's, is exactly what it says on the tin, greed.

wwinterj1125d ago

Sorry but no. What's created the gaming practices we all hate over the years is greed by the publishers. Publishers who STILL will do these things. Publishers who ARE NOT struggling for money. The only publishers that will charge $70/£70 are those already making so much money. The "struggling" publishers/devs won't charge $70/£70 because they are indie game makers to begin with. Patchter is right on this one. It really doesn't matter how you choose to justify this greed to yourself. It's still greed and not needed period.

TheLigX1125d ago

Prices haven't increased in decades? Where have you been?

1125d ago
Darkegg1125d ago (Edited 1125d ago )

Explain how the little guys work 100+ hours a week, their jobs get slashed, and the CEO makes over 200 million dollars. Charging more for games only helps the one guy make more money. It doesn't go to the developing team.

The problem is infrastructure.. and needs oversight to prevent the manager or corporates from abusing the employees. I'm not one for union but the capitalistic failures is most evident in the gaming industry where high moral fiber is practically shatted on.

cooperdnizzle1125d ago

@Bruh. I dated a girl named Webb and she had a huge bush... does that count?

+ Show (8) more repliesLast reply 1125d ago
Crazyglues1126d ago (Edited 1126d ago )

Yeah $70 dollars is ridiculous, mainly because they are not making better games, they are making the same games and just charging more, these new titles have nothing going on that was not in the $60 buck game... it's just a cash grab, and that's a dam shame..

If the game had better physics's and more things going on, better destruction, longer story ( meaning the game lasted more then 6 hours to beat) had more enemies far better effects, then I would be all for it..

But to pay more for the same game, which is what these studios are doing, that's a hell no.... Complete Epic Fail..

RPGer1126d ago

Exactly, Demon Souls is exactly the same game and charging $70. Is it Excellent? Yes. Fun? Yes. New? No.

I mean It Takes Two although it does offer best platform and co op experience with smoothness and creativity still only charging $40. Although it miles better than most Ubitsoft and EA themselves, it miles cheaper and nowhere near the indie quality or performance.

derek1126d ago

@RPGer why don't developers ask you first how much you want to pay for their work.

1125d ago
LucasRuinedChildhood1126d ago (Edited 1126d ago )

€80 is an even tougher pill to swallow.

None of Sony's launch games have had even a small discount on the PS Store since the launch almost 5 months ago.

I've completely avoided these €80 games but I think Ratchet & Clank is going to break me. Hopefully Miles Morales goes on sale because I intend to bounce back and forth between them (Insomniac sugar high) - it would offset the €80 price a bit I suppose.

I'd like to play Demon's Souls, but €80 is too much.

Kornholic1126d ago

That's why going digital is a bad move. You can get a physical copy of Demon's Souls for way less than 80 dollars.

TheEnigma3131126d ago

That’s the reason to get the physical edition.

Army_of_Darkness1126d ago (Edited 1126d ago )

@Kornholic

Doesn't make a difference in price whether it be digital or physical. No need to lie bro.
https://www.bestbuy.ca/en-c...

The best option is to wait a few months for a good sale.

UltraNova1126d ago

I came here to say the same thing. In EU they charge 80 euros for a single game, frankly it's ridiculous. How to they expect us to buy new games at that price? I for one won't be spending that amount of money on a single game.

I've also noticed that there were no deals on ps5 games (digital or physical) to date. Even used DS:R discs start from 65 all they way up to 80 in some cases (including shipping) and they are hard to find.

I was open on perhaps getting a few games digitally this time around but these ridiculous prices and lack of discounts have solidified my decision to sticking with physical/used market no matter how much time it takes for the prices to go down.

Things are getting prohibitevely expensive by the day for us gamers and with recent times where the games industry is moving closer to going full digital (no ownership/ resell option), is it looks like gaming will be taking a back sit afaic.

Kornholic1126d ago

@Army_of_Darkness

Are you kidding me? That's only one retailer, you do know that right, or are you so out of touch? Apparently you don't know how to use Google search.

+ Show (2) more repliesLast reply 1126d ago
neutralgamer19921126d ago

Exactly the games on current gym cost 60 and the same ports on next-gen consoles cause somebody makes zero sense. Just like Miro transactions publishers got away with it and now they're getting away with this. We as a gaming community are too busy arguing with each other and not standing in solidarity to make our voices heard

senorfartcushion1126d ago

Remember when Activision’s exec said “price increase or microtransactions.”

We got both lol

spicelicka1125d ago

Not to mention they have far more ways of making money now, like from cutting content and selling it as DLC, and having microtransactions.

+ Show (2) more repliesLast reply 1125d ago
Orchard1126d ago

For once Pachter is actually right...

gaffyh1126d ago

I do find that I won't purchase a £69.99 game at all...2 weeks after launch it drops in price anyway! Just makes you feel stupid when you buy early, it's like they think we are suckers who have no self control.

wwinterj1125d ago (Edited 1125d ago )

I've learned my lesson with buying games day one. This price increase is just going to make me more picky. Even more so when many games come out with complete editions down the road anyway. It's always more "worth it" to wait with tech, even more games.

Smellsforfree1125d ago

Or it will be a PS Plus/PS Now/Game Pass title before too long.

BandarHub1126d ago

Believe it or not...Pachter actually predicted that Xbox would purchase Bethesda a years before they Xbox bought them.
There is a certain truth to what he says... it's just the way he says it.

1126d ago
Vanfernal1126d ago

Even a broken clock is right twice a day... When you make so many predictions one is bound to be right every once in a while. Doesn't change the fact that he's wrong 99% of the time lol.

frostypants1126d ago (Edited 1126d ago )

Was gonna post the "broken clock" analogy but I see someone already did. Pachter is the perfect example of it. His list of bad takes is enourmous.

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180°

Former Blizzard President Says Closures Hurt Phil Spencer 'as Much as Anyone Else'

The former president of Blizzard Mike Ybarra in a statement on Twitter says Microsoft Gaming CEO is hurting just as much as anyone else following the closure of three studios under Bethesda - Arkane Austin, Tango Gameworks, and Alpha Dog Studios. Roundhouse Games is also joining ZeniMax Online Studios.

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jambola4h ago

Yeahhh I doubt it's hurting a millionaire as much as it's hurting fans and people who lost their jobs

Jingsing51m ago

I can already hear Jim Ross.. He has a family damnit!

Eonjay2h ago(Edited 2h ago)

This is all coming from the executive who thinks we should have the option to tip devs... apparently so publishers can pay devs minimum wage. Will someone think of the C-suite executives!!!

LucasRuinedChildhood2h ago(Edited 2h ago)

Yeah, the guy making $10m a year is hurting as much as those who have lost their jobs and are worrying about their future and supporting their family. /s

It takes a real lack of shame to even try put the Good Guy Phil™ spin on this. It's not going to work this time.

Profchaos2h ago

He's sitting around feeling sorry when he should of been doing everything in his power to get people jobs in other studios you're telling me after toys for Bob split from Activision there wasn't a opening in the call of duty mines for arkane it's just woah is me.

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460°

It's Time To Stop Giving Xbox Boss Phil Spencer A Pass

Under his leadership, many have lost their jobs and fewer games have made it out the door.

purple10118h ago

people should call for his resignation, he has literally flushed xbox down the toilet.
another 3 studios closed today, thats it now, get out

Tody_ZA17h ago(Edited 17h ago)

Well purple101 you'd have to convince Observer and the other Xbox faithful that these studio closures and the fallout from the acquisitions is a bad thing and a sign of what's to come, and I don't think you're going to do that.

Nobody has managed that feat.

Redgrave16h ago

Obscure and Zeref have been summoned to the floor to give their account of these proceedings.

VenomUK16h ago

I 100% blame 'nice guy Phil' for the death of Xbox. The thing to realise is the Xbox Series S & X are performing WORST in console sales and game sales than the much criticised Xbox One - how can this be?

His two big mistakes were 1-not developing enough exclusives and 2 - always trying to beat PlayStation. If he made more exclusives over his decade reign and not tried to 'win' then classic Xbox would still be here in a profitable third place. Instead he tried a series of different projects to win and he ended up ultimately destroying Xbox by changing its relationship with its most loyal customers. What did he do?

* Phil spent a decade only release new iterations of Halo, Forza and Gears and not investing in creating new first party studios and IP. He mishandled Scalebound and shutdown Lionhead Studios.

* Phil tried Mixer, a streaming channel that could be used to promote Xbox dominance with free giveaways...

* Phil tried to create a streaming service that he regarded as too superior to consider PlayStation and Nintendo as competitors! But would instead compete with Netflix and Google...

* But his worst mistake was Xbox Game Pass - a multi billion dollar investment that could only work if completely dominated the worldwide gaming market - but it didn't. Instead it changed the culture of Xbox gamers so they resented spending on third party games as they were now trained to expect everything for free. Now all the games Microsoft had invested so much in were not only NOT making money from other platforms, as ever, but they were now NOT EVEN making money from Xbox customers.

If Phil Spencer had just concentrated on making new games and not non-stop gimmicks to beat PlayStation, I genuinely believe the Xbox would be an attractive platform with regular exclusives like Halo but with others too that would give it its distinct identity and maintain a profitable existence. Phil's been in charge for over a decade, the blame lays at his feet.

Chevalier9h ago

Nah idiots like those 2 are lost causes. Just look at the idiotic floundering comments already being posted.

amazinglover15h ago

Last MS financial results for FY24 Q2 which is the company's sales data through Dec. 31, 2023. According to the earnings, gaming revenue is up 49% year-over-year.

That doesn't sound like he flushing it down the toilet and that also makes very unlikely he loses his job any time soon.

crazyCoconuts15h ago

Revenue up due to acquisition... Spending 10s of billions for new companies of course revenue is up. They don't tell us profits but they wouldn't be shutting down these divisions if they were in the black. Pretty sure they're shifting so radically because their current state has been an abject failure

Scissorman14h ago

This is 100% due to Activision Blizzard. If that deal had not gone through, Xbox revenue would be flat, which means a game like Starfield failed to move the needle.

rlow113h ago

@crazyCoconuts
While I agree that Phil and team have gone back on their word. Especially the last six years of promises.

But I disagree on your logic about the revenue.
They bought the companies to boost their gaming division revenue. In that regard they were very successful. They are owned by MS so your point is moot.

Lightning7710h ago

They made all that money and still doing studio shutdowns...

It's bottomless pit of money MS wants. There's no amount of money MS can make to save their own studios. They're doing it out greed and general incompetence. Calling Phil's head won't mean anything or do anything for MS. They'll still destroy regardless.

Chevalier9h ago

Damn idiots don't know how to read revenue reports. Revenue was due to folding in Activision Blizzard Revenue. They were up 61% due to Activision Blizzard with 62% increase. So they only went up 1% over last year. But idiots going to be idiots thinking Spencer is helping Xbox right now. Lol

Markusb331h ago

this is due to Activision and not their general output of quality titles,

+ Show (3) more repliesLast reply 1h ago
Jingsing5h ago(Edited 5h ago)

It is funny that it was him finally touching Bethesda that was the straw that finally broke the camels back. They should have been calling for this years ago.

Tacoboto18h ago

Phil needs to go. His time is over. When you oversee layoff after layoff after studio closure after studio closure, it's impossible to keep going forward and have people - employees and fans alike - trust you in any way.

Especially after HiFi Rush hit their metrics. I guess we know what to expect for Ninja Theory next once Hellblade is out, and Machine Games once Indiana's out & Todd Howard focuses back on ES6.

Lightning7710h ago(Edited 10h ago)

Ninja Theory won't last after HB2. Because it won't hit some impossible metric in order to be a success at MS.

Expect NT to be gone in a years time also. Where the hells the advertising for Hellblade 2? Another MS issue they do to themselves bunch of clowns.

Tacoboto10h ago

Their first-announced Series game going out like this. Their marketing so far has just been a daily tweet or two the last week.

And now this will overshadow everything up till and through its release. Maybe Ninja Theory will get the same dignity as Tango and bow out with a better PS5 port.

Chevalier9h ago

Hellblade 2 out in 2 weeks and no one will even remember it by the beginning of June

RaidenBlack1h ago(Edited 1h ago)

Unrelated but since there's a shortage of devs to make Fallout content ... MS could've asked Tango or Austin or both to make a new Fallout game (doesn't have to be a full-blown RPG) ... fans would've gobbled it up after watching Prime's FO season 2 ... and it would've been a nice experiment to check the feasibility of having Fallout venture into non-RPG genres (like it was done before during Interplay days).
This is what I would've guessed/suggested from past statements from Xbox & co., that you can experiment with new ideas (using new or existing IPs) at current Xbox ecosystem.
But ... after axing Tango & Austin ... don't know if Xbox is still open to such experimentations.

Chevalier9h ago(Edited 9h ago)

Just watch Outer World's 2 also be dead on arrival without Playstation and Nintendo gamers buying that game you can expect Gamepass to kill that IP too. Ditto for making that contract to exclude Playstation gamers from getting Indiana Jones too. Remember how Tomb Raider sales were on Playstation after the 1 year exclusivity? Expect even worse for Indiana Jones too

mastershredder18h ago

It's not just Phil (Phil is just the dumb kid taking the money) and Kotaku is NOT the voice to listen to as shi7 sites like Kotaku helped contribute to modern gaming toxicity and disinformation. Kotaku staff = Much like Phil, and yes need to go.

Moegooner18h ago

MS has been posting record profits, you think they give a crap about games and gamers? Think again.

DOMination-18h ago

What a prat.

People gave him and Matt Booty the benefit of the doubt for a few years due to the mess they inherited but a decade on and all they've done is ruin gaming for everyone.

The only success they've had is MS Flight Simulator which was developed by a third party anyway - and Forza Horizon which by pure coincidence went downhill in quality the second Playground were acquired (imo) and that's all I can think of. Everything else they've touched has been ruined.

It's genuinely staggering how either of these two guys are still there.

Hofstaderman18h ago

Phil didnt even inherit a mess, he was equally responsible for it because he sat on the executive so the kinect and XBONE roadmap vision was also on him. Mattrick was the convenient public scapegoat back then but now theres no one to place the blame on.

Tacoboto17h ago

If they're to keep anyone, I'd hope it would be Sarah Bond. She's at least consistent, constantly doing quick tweets with green emojis where she can, repping the brand, saying the next hardware will be the biggest leap ever (whatever that means).

Phil Spencer openly minimizes Xbox by going out of his way to congratulate competitors and talking about how great playing non-Xbox devices are; if only Xbox had someone that could even pretend to like Xbox for being Xbox.

LoveSpuds17h ago

This is the point I always found frustrating, the whitewashing of Spencers reputation when he got promoted. He was involved in the slide into mediocrity of the 360 generation!

Aloymetal17h ago

The worse is yet to come and their fanbase don't know it yet, someone at MS posted and deleted a tweet saying all their main ''exclusives'' Halo, Forza, Gears etc will be heading to PS soon so grab a front seat ticket and some popcorn and enjoy the show;) The crying will be hilarious.

Notellin16h ago

Yeah he is absolutely responsible for the abysmal state of Xbox. I can't tell Mattrick and Spencer apart at this point. Both have been horrible executives for the Xbox brand.

Lightning7710h ago(Edited 10h ago)

Phil's responsible for this generations mess. Phil was the one following orders under Steve Balmer and Don Mattrick.

Don even admitted he messed up on camera with the Xbox documentary

Let's keep the facts straight. Everything currently now is Phil's fault.

+ Show (3) more repliesLast reply 10h ago
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90°

Baldur's Gate 3: Neil Newbon Explains Why Astarion Was a 'Risk'

In an Interview with Game Rant, Neil Newbon discusses the performance choices he made portraying Baldur's Gate 3's Astarion, and why some decisions were risky.

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gamerant.com