GameStop has been a great source for players to experience various types of games without spending a fortune and is a reason why core gaming has enjoyed the success it has found over the years.
One of the company’s major functions and revenue streams comes from used gaming. The organization provides people with the ability to shop in their stores or online and buy some other titles they normally wouldn’t play without having to spend $60.
At the same time, it is a valuable tool for developers and publishers to allow some of their games to be purchased used because of the same reason mentioned above.
It gives people the chance to experience a game they wouldn’t normally play at a cheaper price, therefore, expanding the gaming communities for developers and publishers. It’s a double-edged sword and it benefits both sides.
At any rate, Gamespot just conducted an in-depth interview with the CEO of GameStop Paul Raines.
During this interview, Paul was asked about the recent rumors of used gaming being banned on the next-generation consoles from Sony and Microsoft.
Raines said the rumors are just rumors and he really doesn’t think twice about them because he believes it doesn’t make any economical sense to eliminate the used gaming sector.
“I guess we’ve said we don’t think it makes business sense.
“The $1.2 billion trade credits are funding growth of the industry. If you look at our PowerUp Rewards community, just in the United States, not including Europe, Australia, and Canada, there’s 24 million consoles in people’s homes.
“That 24 million consoles at current trade prices is about $1.8 billion of trade credits that we can use to drive the launch of Wii U, PS4, and Xbox next. So our console makers know that and they don’t want to miss the opportunity to use that to drive the market. And it doesn’t make economic sense,” Raines said.
He went on to say he thinks it’s a consumer issue and that anti-used gaming would damage the relationship between the consumers and manufacturers.
“It’s a consumer problem.
“There are a lot of people who love pre-owned games. But if it were to happen, it’s like anything else in the business. You react accordingly.
“The preowned business will not go away any time soon. Even if new consoles don’t play preowned games, people are going to be playing PS3 games, and we still have a ton of people playing PS2. That’s a huge part of our pre-owned business,” Raines said.