While the world economy is rocky at the moment, there are specific issues at play for companies in the game industry including unending spread of piracy, to the absence of compensation for game makers on used game sales, to possible government regulation coming from the California case going to the Supreme Court. I asked notable execs in the game industry which of these are the biggest threat to gaming’s financial future.
Ben Feder, CEO, Take-Two Interactive:
Every industry has its issues that it deals with. Piracy has been issue, but I think Microsoft and Sony did a pretty job of containing it on the consoles. On the console side it’s been okay–not great, but okay–but much, much better than what we’ve seen on handhelds. Piracy will always be an issue. As for used games–I’ve heard a lot of talk this E3 about companies wanting to be cut into the revenue streams. The guestimates are $3 billion in used game sales. That’s a lot of money and I think developers are right to demand a piece of the action.
Read the full article at Fast Company.
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