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Next-Gen Game Prices Possibly Rising: How It Might Affect You and the Industry

With 2K Games recently announcing that NBA 2K21 will cost $69.99 on the PlayStation 5 and Xbox Series X, it seems the industry is on the verge of price increase on games. How might this change affect publishers moving forward and will this be a good move in the long run?

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BayAreaBird38d ago

Remember when games were $70 in the 90s? I sure did. That's like spending $95 in today's money. Games today need more people to make them. Not to mention they are more expensive to make.

dumahim38d ago

I 'member RC Pro Am being like $90. Also Neo Games being $200.

Zeldafan6438d ago

Remember when people weren't greedy pieces of shit? Yeah me neither.

dan32338d ago

Lol I always knew a lot of people are.

BayAreaBird38d ago

You mean how cheaper it was to make games back then? Yeah I remember. I also remember how risky it is in today's market since there are a lot of companies. I also remember 90% of games being total garbage that sold for $70. People who say $60 games are garbage don't really know what garbage really was. Remember super man 64 and bugs bunny games? Today's games aren't because they are "garbage" to people. They expect more and more for less.

Christopher38d ago (Edited 38d ago )

Likely won't affect most gamers who shop for sales on these games. Only Day 1 buyers. I probably only buy 3-4 games day 1 each year and those are companies I want to support. So, an extra $40 a year on developers I want to support isn't a problem for me. Just a problem for parents who don't know how to tell their kids to wait for price drops to get the games they want.

I am also part of the generation that started MMOs and $15/month per account gaming. Not like gaming hasn't been expensive for a while. It's actually gotten much cheaper in recent years due to post-launch price cuts after 3 months (except for Nintento, but they do their own thing).

Hakuoro38d ago

If they increase the price to $70 a 50% off sale is still more expensive than a $60 game that's 50% off.

And this is a slippery slope issue.. These companies are looking for every avenue to nickle and dime consumers, give and inch they will take a mile. And these are companies that are making hundreds of millions even billions per year.

They don't NEED more money they WANT more money.

And I often hear how hard working these devs are, but it's my money and I worked just as hard for it.

Christopher38d ago (Edited 38d ago )

***If they increase the price to $70 a 50% off sale is still more expensive than a $60 game that's 50% off.***

People wait for them to hit a price, not a percentage amount.

***And this is a slippery slope issue..***

So is your argument. They're both slippery slopes.

***They don't NEED more money they WANT more money.***

There's your slope now. Most money in major AAA games are made in microtransactions which don't fund the developers making the game. Furthermore, lower profit potential studios get closed because of this and it's why we end up with more of the same year after year. If a company can actually meet goals with higher cost games at release but lower-cost like before after release, there's potential for more games because now it's not based on the old metric that cost them more.

***And I often hear how hard working these devs are, but it's my money and I worked just as hard for it.***

Then spend it how you want, but people saying they deserve more doesn't mean they don't just because you want to pay less for their work.

Hakuoro38d ago (Edited 38d ago )

"There's your slope now. Most money in major AAA games are made in microtransactions which don't fund the developers making the game."

I don't think profit from MTX is a great argument for increasing prices (quite the opposite)... It's not like they are going to stop or even slow down DLC and MTX. Heck this whole thing started with the rumor about NBA 2k which arguably has the most predatory MTX in all of gaming. And let's not forget if they want to sell MTX they should want to get the game in as many people hands as they can. Raising the price only means less people to sell MTX too.

"If a company can actually meet goals with higher cost games at release but lower-cost like before after release, there's potential for more games because now it's not based on the old metric that cost them more."

That's a pretty big if... and frankly I don't think history favors this view.

"Then spend it how you want, but people saying they deserve more doesn't mean they don't just because you want to pay less for their work."

Not selling me something isn't in their best interest, let's be honest here most people have budgets. They can spend a certain amount on games increasing prices on games doesn't increase their budget. Increasing game prices is just as likely to cause a loss of revenue for the industry as less people want to buy consoles/games or turn to subscriptions. There is no guarantee that raising the price on games is going to increase profits.

excaliburps38d ago

Also, if you think about it: would $10 really deter people from buying the latest Halo, God of War, COD? I don't see it, to be honest.

RgR38d ago

You may not have a problem dishing out more money but it would be a problem for many others.

I want to support my favourite devs but not if they disrespect me. I'm not bending over for them.

rainslacker38d ago (Edited 38d ago )

People will complain about it. But, it'll become the new norm, and people will pay for it. It's not like this is the first time game prices have ever gone up. Some may wait to buy games, but I doubt it's going to be a significant portion, or enough to reduce the overall revenue. It may not be an increase in early game sales revenue, but it'll probably remain close to what it is now. It may mean initial game sales go down, but lifetime sales likely will remain unaffected.

@excal

", if you think about it: would $10 really deter people from buying the latest Halo, God of War, COD? I don't see it,"

Probably not. But the more important question is how much would effect new IP game sales. If people are put off by the price, new games are less likely to gain traction, which means that investors and publishers are even less likely to take risks on new things....which we are already seeing they are doing because they want to make all that GaaS based money which requires little comparative investment. This isn't exactly something we should be looking forward to.

Christopher37d ago (Edited 37d ago )

***I don't think profit from MTX is a great argument for increasing prices (quite the opposite)***

Then you don't understand video game development.

1. People who make the game don't get paid based on MTX. Only those who stay on to support the game get that. And even then they get paid a salary and not bonuses based on sales of MTX. Game sales goals is where those people would get bonuses.

2. Development costs outside of MTX matter. Unless the game is guaranteed to meet certain goals, getting them to make the game in question is hard without adding more MTX to the game. This is the area where games never get made. Why? Because they wouldn't be profitable enough to make without changing it to a formula that makes more money now versus the chance it could make more.

3. Increasing prices actually combats MTX for most smaller developers or studios within bigger publisher houses as they will more readily hit profit margin goals with that rather than relying on MTX post-release to carry them to that profit margin goal.

+ Show (4) more repliesLast reply 37d ago
excaliburps38d ago

Why is this comment getting downvoted? O_o Games do cost more these days. I wouldn't want to pay more either but if it happens, I'll understand why. I hope the money goes to devs and not just to exes -- that's the main problem.

RgR38d ago

Hollow knight says hello.

38d ago
Soldierone38d ago

Games in the 90s also didn't come with a 40 dollar "season pass" and 5-10 dollar "loot box" system, with microtransactions for any cosmetic upgrades you want.

1nsomniac38d ago

I remember when Turok released for £70 and Street Fighter 2 released for £60. Then I remember on both of those occasions after about a month they both dropped to £40, the same price as all the other games at the time.... but everybody seems to forget that bit when they tell this story.

TheHan38d ago (Edited 38d ago )

@BayAreaBird;

What are you on? Games have never costed $70. The consoles alone were barley $100. Are you kidding me... You people who talk about a price increase have no idea how much games is and systems used to be. Over time they have gone up in price naturally. $60 dollars a game is more then enough when you don’t even get a complete product 90% of the time. Stop making excuses for these rich developers when it’s solo in them and their talent that drives a game. Look at RockStar for Example... if that’s the case fire bad developers and replace them with good ones. It’s all apart of the industry.

itsfunkky38d ago

i don't think that lasted long due to no one buying games...

+ Show (8) more repliesLast reply 37d ago
Iamnothuman1238d ago

That's cool. Still wont stop from waiting a year or so to get it $20 or less. I am patient and can wait if a game is good and worth playing.

Tross38d ago

Yep, I’m the same way. I have plenty to play in the meantime.

Einhander197138d ago

I remember paying 80 quid for street fighter 2 and starfox for snes jap imports.

LOGICWINS38d ago

Glad Microsoft is leading the charge to give gamers options with Game Pass. If I'm paying $70, then I'd rather my hard earned money provide me with access to 200+ gaming experiences as opposed to just one. I should also have the right to play those games on my phone, PC, or tablet.

I really hope Sony follows suit because the PlayStation community deserves it.

LoveSpuds38d ago

I would have more sympathy for games companies trying to turn a profit if they weren't already paying their boards huge dividends every year. Companies such as 2K are not struggling for cash and it wouldn't be so bad if these companies committed to no longer ripping us off with micro transactions and loot boxes if we as consumers accepted this higher rrp.

Personally, I am not convinced that devaluing games with these unsustainable services is healthy for the industry either though.

danny81838d ago

Same here. Im likely going to give GamePass a go next gen. I would this gen but my space is full with games I still play lol

Christopher38d ago

***I really hope Sony follows suit because the PlayStation community deserves it.***

Stop being ignorant. I gotta assume purposefully so.

https://www.playstation.com...

They offer downloadable and streaming games. They have more games for download than on XBO currently. That's even with PS3 games being streaming only.

If you like MS, cool. But let's not ignore that there is the exact same thing on PS4 right now and it will continue onto PS5. I want both of these companies to keep doing things like this, but we have to stop pretending that one isn't doing something when they clearly have been doing it for a year.

LOGICWINS38d ago

Completely disagree that PS NOW and Game Pass are the "exact same thing" but to each his own.

JeffGUNZ38d ago

I never subscribed to PSNow, do they offer first party exclusives, like the Last of Us 2 on release day or does stuff like that typically come at a later time?

Christopher37d ago

***Completely disagree that PS NOW and Game Pass are the "exact same thing" but to each his own.***

Sure, but what you said: "If I'm paying $70, then I'd rather my hard earned money provide me with access to 200+ gaming experiences as opposed to just one."

In that context, they are the exact same thing. And you purposefully give the impression that PlayStation community doesn't have access to something like that.

GamePass: offers downloadable games to play with a monthly subscription cost. You can pay more to have access to some games on PC.

PSNow: Offers downloadable games to play with a monthly subscription cost. You also get access to PS3 games via streaming on PS4 and PC at not extra charge.

Quibble over the details all you want, but you're still acting ignorantly.

+ Show (1) more replyLast reply 37d ago
Hakuoro38d ago

What if people want to play games that aren't on gamepass?

aconnellan38d ago

Then they’ll buy those other games? Doesn’t stop it from being valuable.

Ratchet7538d ago

Yeah just pretend psnow does not exist and that third party games are coming straight to gamepass(which they are not)
Once again "LOGIC FAIL"

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SickSinceSix38d ago

It will effect the industry because myself and others will wait for price drops more often, with exceptions for games I'll definitely buy day one. Like a few launch titles and games I won't wait for, like the next God of War.

Koolaidude38d ago

The INDUSTRY unfortunately will survive off casuals that just play COD, NBA, FIFA, and the like. They will not care about price and a ten dollar jump isn’t as bad as people think it is. People spend so much money on phones, but don’t want to pay up for the best form of immersion.