80°

Recession to help online games firms push West

Analysts say online games are not only recession-proof but can even get a boost from an economic slump, because people stay longer at home and have more time on their hands to play.

The so-called "massively multiplayer online role-playing game (MMORPG)" typically takes months of extensive time investment, as a user -- say, a warrior or sorcerer in the fantasy world -- builds skills and takes on adversaries in a series of missions.

Online gamers' profiles are different from buyers of Nintendo's Wii consoles or DS handheld players, which have proved a roaring success with easy-to-play games for a broader population.

"I don't think (online multiplayer games) get impacted at all, because people who play them are addicts," said Michael Pachter, an analyst at Wedbush Morgan. "Losing their jobs makes them more likely to play because they have more time to play."

"These days more people stay late in the evening playing games," said Jung, a manager at a crowded Web cafe in downtown Seoul. "I think they don't have other places to go."

In South Korea, online gaming quickly spread to become a social phenomenon in the early 2000s in the aftermath of the Asian financial crisis, which left many young men unemployed.

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in.reuters.com
thebudgetgamer5560d ago (Edited 5560d ago )

its good to see when he is not being wrong in his predictions, he likes to play amateur head shrink. this guy stinks

:)

yea look at his smug face, im serious. shut up stupid

Carbide75560d ago

Yeah, he's addicted to c0ck.

Maddens Raiders5560d ago

this guy couldn't get anymore ridiculous he let's loose of more inane gas from his mouth.

Carbide75560d ago

"I don't think (online multiplayer games) get impacted at all, because people who play them are addicts, Losing their jobs makes them more likely to play because they have more time to play."

Haha, yeah Pachter, 'cause you have the most respectable job right?
And they're not gonna sit and play those games when they lose their freakin' jobs, it's not a joke. Even though I'm still in highschool I know how terrible that is. And Pachter doesn't know sh!t about us gamers, he should STFU.

You're a freakin financial analyst, do your job.

KKanjiAnkh5560d ago

You need money, to make money.
If people only played On-line the Gaming Community we be where the Dino's sleep now.
1 game,especially On-line games, don't determine jack frost.
Idoits who play one game types in said genre, is actually hurting gaming, cause while you play your one, i'd would had already purchased my next 5.
That's funny, I thought me buying/playing Mario Kart was no different,than, Captain never seen the sun in 2yrs because there's no expansion yet.
I can still play MK Off-line, & enjoy it.

Jung, help them get jobs, creatively is such a waste of talent.

Birdman185560d ago

i dont know about everyone else, but i'm just tired hearing about this Michael Pachter guy.... who gives a crap what he thinks?!?! and frankly, i am tired of seeing articles on here with this guys statements like he is a gaming prophet... STOP POSTING ARTICLES WITH THIS GUY IN IT

30°

Razer Kishi Ultra Review - Remote Play and Mobile Gaming Goes XL

PSLS writes: I have traveled across the country using the Razer Kishi Ultra in airports and hotels for both PlayStation Remote Play and mobile gaming in general, and I am thoroughly impressed.

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playstationlifestyle.net
100°

‘Stellar Blade, but good’ is here, and it came out seven months ago

Stellar Blade might be the hot game right now, but we already got a better version of it more than half a year ago.

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videogamer.com
VersusDMC23m ago

Stellar blade is currently higher than lies of p on metacritic with 40 more reviews. No shade on Lies of P but just pointing that out.

But i don't even know why compare them? Because both are souls type games?

Then you can just reuse this article all the time and say Elden Ring is "whatever new souls game" but good for every new souls game.

Stellar blade hate articles must be rolling with clicks...

CrimsonWing6913m ago

I mean… it’s like saying we have a better NieR with Devil May Cry. Yea, there’s some similarities, but Lies is really hardcore in the sense of emulating a FromSoft game almost perfectly, where Stellar has some Souls-like elements, but I’d say it’s closer to Sekiro than say a Dark Souls game. This almost feels click-baitey

Psychonaut858m ago

What if, and hear me out, they’re both really good? Mind blowing, I know.

Christopher1m ago

Listen here you, that's not how this is supposed to work. You choose a side and you defend it. None of this little "what if there's more than one good game out there" nonsense.

Crows902m ago

Oh geez...this is why journos suck...they can't even see differences between games.

Stellar blade is nothing like lies of P.

50°

“Substantial” new The Finals update could unleash teased 5v5 mode

The Finals’ next update could reveal this mysterious 5v5 game mode, as Embark teases major changes to the free-to-play PS5 and Xbox FPS.

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theloadout.com