GameStop
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Business and Finance
GameStop CEO Daniel P. Moorer stated that physical video game sales are irrelevant to the company's business strategy. This statement highlights a shift in focus for the retailer amidst evolving market trends.
GameStop CEO Says Physical Games Media “is Totally, Totally Irrelevant”
GameStop CEO Ryan Cohen stated that physical game media is "totally, totally irrelevant" to the company's business model, shifting focus to trading card games. This comes as Sony Interactive Entertainment plans to end PlayStation disc production in January 2028, a move analysts believe is permanent despite backlash. Experts suggest Sony will not reverse the decision due to the profitability of digital sales.
Physical games don't matter, says GameStop CEO: "It is totally, totally irrelevant"
GameStop CEO Ryan Cohen stated that physical game discs are irrelevant to the company's business, even as Sony plans to cease production of physical PlayStation discs by 2028. Cohen emphasized that both physical and digital game sales now constitute only 18% of GameStop's revenue, with the collectables business being the primary revenue driver.
You Can Now Order Games And Consoles From GameStop With Uber Eats
GameStop has partnered with Uber Eats, allowing customers to order games, consoles, and collectibles through the delivery app. This collaboration expands Uber Eats' retail offerings, which already include stores like Best Buy and Target. The article also touches on GameStop CEO Ryan Cohen's ongoing pursuit of acquiring eBay and the potential impact of Sony phasing out physical game discs on GameStop's business model.
Get your hands on a new Super Mario 40th anniversary pin set with retailer offer
GameStop is offering a Super Mario 40th anniversary pin set to customers who spend $100 on Mario games in-store. The pin set features designs from various Mario titles, including Super Mario Galaxy and Super Mario 3D World + Bowser's Fury. Best Buy previously offered a similar collectible case for the anniversary.
Nintendo Switch 2’s official camera gets massive discount, at lowest price ever
GameStop is offering a significant discount on the official Nintendo Switch 2 camera, reducing its price to $10, an 80% markdown from its usual $55. The camera supports video chat in GameChat, interactive avatars, and is compatible with titles like Super Mario Party Jamboree. It features a wide-angle lens, a privacy shutter, and can be connected via USB-C.
Who needs scalpers when GameStop is marking up Pokémon cards by more than 300 percent?
GameStop is reportedly marking up Pokémon trading cards by over 300 percent, significantly increasing prices for consumers. This practice raises questions about fair pricing in the collectible card market.
Business and Finance
Senator Bernie Sanders has expressed concern over recent layoffs within the gaming industry, particularly those affecting Xbox. Meanwhile, GameStop stockholders approved proposals at their annual meeting, including increased share authorization, as the video game industry faces ongoing challenges.
4th of July sales have Prime Day beat across PS5, Xbox, PC, and Nintendo Switch
Retailers like Best Buy, Amazon, and Woot are offering significant discounts on games and hardware for PlayStation 5, Nintendo Switch, Xbox Series X, and PC during their 4th of July sales events. Many of these deals surpass the discounts seen during Amazon's recent Prime Day, with Best Buy noted for having the widest selection of gaming deals.
Why Is Sony Killing Discs? It’s “All About Profitability And Control,” Expert Says
Sony will discontinue support for PlayStation game discs in January 2028, citing the increasing share of digital game sales. Analyst Rhys Elliott suggests this move prioritizes profitability and control for Sony by eliminating the second-hand market and encouraging full-price digital purchases. While potentially detrimental to consumers and retailers, the shift could benefit developers by allowing for later submission of final game builds.
US: Splatoon Raiders demo pops up in stores
Nintendo is distributing demos of its upcoming game, Splatoon Raiders, to major North American retailers like GameStop and Target. This initiative aims to generate consumer interest in the new title by allowing shoppers to try it out in stores.
Physical media retailers respond to PlayStation's discontinuation of disc-based games
Sony has announced its decision to cease production of physical disc-based games for PlayStation consoles starting in January 2028. This move has drawn disappointment from physical media retailers like GameFly, Fangamer, and iam8bit, who emphasize the importance of physical media for ownership, preservation, and consumer choice. While GameStop and Limited Run Games have not yet commented, Sony cites shifting consumer trends for its decision, which may also suggest cost-cutting measures for future hardware.
'We are not going to sit idly by': video game retailers react to Sony's PlayStation disc axeing…
Video game retailers are expressing strong opposition to Sony's decision to cease production of physical PlayStation game discs in 2028. Retailers like Game, Loot Box Gaming, and VGP Video Game Plus have voiced concerns about the impact on their businesses and the broader implications for game ownership and consumer choice, advocating for the coexistence of physical and digital formats.
GameStop Is Not Hurting After Sony Kills Discs, And There Is A Good Reason Why
Despite Sony's announcement to phase out physical discs for PlayStation games by January 2028, GameStop's stock price has not been negatively impacted. This is because the company's revenue is now primarily driven by collectibles and hardware sales, with software sales constituting a smaller portion of its overall business. The transition to digital distribution is not expected to have an immediate effect on GameStop's financial performance.
PlayStation Disc Death Sends The Internet Into Its Physical Media Defense Arc
Sony has announced it will end production of all PlayStation game discs in 2028, a move that has sparked backlash from physical media advocates. This decision, alongside the closure of PS3 and PS Vita storefronts, highlights the industry's shift towards digital ownership, impacting physical retailers and raising concerns about long-term game access.
GameStop CEO Came Up With Plan To Buy eBay On The Toilet, Wants It To Become Re-Seller Of Digital Gaming Items
GameStop CEO Ryan Cohen has proposed acquiring eBay for $56 billion, outlining a vision that includes creating a marketplace for digital gaming items like skins and weapons. While eBay has rejected the offer, Cohen believes this market has massive potential utility beyond physical collectibles. He also plans to cut costs and expand live commerce if the takeover is successful.
Business and Finance
Tencent is reportedly considering withdrawing from several gaming investments, while GameStop's Ryan Cohen has withdrawn a CEO performance award as the company shifts its focus to eBay. These developments highlight shifts in the business and finance landscape of the gaming industry.
GameStop’s Rewards Program May Be Losing Its Best Feature – Report
GameStop is reportedly making significant changes to its Pro Membership rewards program, including the discontinuation of Pro Points for new members starting July 15 and for current members on August 15. This move, aimed at cutting costs, has led to dissatisfaction among some employees and customers. CEO Ryan Cohen was also mentioned in relation to his unsuccessful attempt to buy eBay.
GameStop (GME) earnings results boast highest Q1 operating income in company history
GameStop reported its Q1 2026 earnings, achieving the highest operating income in the company's history for the first quarter. The financial results indicate a strong performance for the company during this period.
Collectibles revenue was the largest GameStop (GME) Q1 2026 sales segment
GameStop's Q1 2026 sales report indicates that revenue from Collectibles was the largest segment, surpassing Software, Hardware, and Accessories. This highlights the growing importance of collectibles within the company's overall sales strategy.