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GameStop CEO Says Physical Games Don't Matter
Kotaku • • technology
Key Points:
- GameStop CEO Ryan Cohen stated that Sony's decision to end physical PlayStation game disc production by 2028 is "totally irrelevant" to GameStop's future business.
- The company has shifted its focus from software sales to collectibles, trading cards, toys, and other merchandise, with game sales now accounting for only 18% of revenue.
- Trading cards and toys currently make up 41% of GameStop's business, reflecting the company's strategic pivot away from traditional game sales.
- Cohen revealed his interest in acquiring eBay for around $55 billion to support GameStop's evolving business model, though eBay rejected the unsolicited offer in May.
- Regarding the highly anticipated digital-only release of Grand Theft Auto 6, Cohen avoided commenting on its impact, highlighting that GameStop will likely miss out on selling used copies due to the lack of physical releases.
