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The death of physical media is having the opposite effect on me – I've fallen back in love with my disc drive…
The author reflects on the decline of physical media in gaming, noting Sony's discontinuation of physical game support by 2028. Despite a failed boycott, the author embraces physical media, purchasing a PlayStation 5 disc drive and returning to collecting physical games like Ghost of Tsushima and Marvel's Wolverine.
GameStop Sets A New Financial Record, And It’s No Thanks To Games
GameStop reported a record operating income of $160.2 million for its fiscal Q2, driven by a 57% surge in collectible sales. Despite overall net sales falling due to fewer game sales and international store closures, the company's focus on collectibles has become its primary revenue driver. CEO Ryan Cohen suggested potential expansion into live commerce and digital item marketplaces.
Evening Reading - August 31, 2026
This edition of Shacknews Evening Reading covers reviews for Onimusha: Way of the Sword, The Blood of Dawnwalker, and Blood Dungeon, alongside news about The Wolf Among Us 2, Take-Two's subpoena regarding GTA 6 leaks, and Housemarque co-founder Ilari Kuittinen's departure. The article also touches on GameStop's financial status and mentions various internet curiosities.
GameStop (GME) held $5 billion in cash and nearly $5 billion in eBay stock as of August 1
GameStop has announced preliminary Q2 2026 earnings, revealing it holds $5 billion in cash and $5 billion in eBay stock. Despite repeated rejections from eBay, GameStop and CEO Ryan Cohen continue to pursue an acquisition. Michael Burry notably sold his stake in GameStop in May 2026.
GameStop wants you to "trade in gaming history" for new games, and I need you to tell them no
This opinion piece argues against GameStop's "trade in gaming history" campaign, urging players not to trade in retro consoles and games. The author highlights that GameStop offers low trade-in values while reselling items at inflated prices, potentially leading players to regret parting with valuable collections. The article advocates for preserving retro gaming hardware and enjoying classic titles over newer releases.
Sony's limited edition Marvel's Wolverine accessories are missing a headset, but Geeknet has picked up the…
A new officially licensed Marvel's Wolverine Wired Headset from Geeknet is set to launch on September 1 for $39.99, filling a gap in Sony's official PlayStation 5 accessory lineup for the upcoming Insomniac Games title. While Sony released themed console covers and controllers, a headset was notably absent. This GameStop exclusive, available only in the US, utilizes a 3.5mm AUX connection and features 50mm audio drivers.
After eBay’s Resounding Rejection, GameStop Reconsiders Its $56 Billion Acquisition Bid
GameStop CEO Ryan Cohen is reportedly reconsidering his $56 billion acquisition bid for eBay after the latter rejected the offer. Cohen is now exploring a partnership between the two companies to sell collectible items and digital gaming assets. GameStop currently holds a 9.8% stake in eBay.
Evening Reading - August 3, 2026
This edition of Shacknews Evening Reading covers a variety of gaming news, including reviews for Beast of Reincarnation and Marvel Rivals, updates on Gears of War: E-Day and Street Fighter 6, and announcements for Fire Emblem: Fortune's Weave and Palworld Online. The article also touches on business news regarding GameStop stock and discusses physical video game media.
GameStop (GME) stock crashes 12% on $1.4 billion convertible senior notes private exchange for stock
GameStop announced a private exchange of approximately $1.4 billion in convertible senior notes for shares of its Class A common stock. This move reduces the company's debt obligations without using cash, though it results in shareholder dilution. The exchange is expected to close around September 23, 2026.
Business and Finance
GameStop has announced a private exchange offer for its convertible senior notes, totaling $1.4 billion, in exchange for equity. This financial maneuver aims to restructure the company's debt.
Sony Isn’t Backing Down From Ending PlayStation Disc Production Despite Backlash
Sony plans to end PlayStation disc production in January 2028, despite backlash from the community. CFO Lin Tao stated the decision is driven by the ongoing digitalization of content across all media, not just gaming. While acknowledging consumer concerns, Sony aims to explore future engagement within the digital ecosystem.
Splatoon Raiders amiibo stock in the US has run dry, but UK fans should have no issue grabbing the new Deep Cut trio
The new Splatoon Raiders amiibo figures are sold out across major US retailers, including GameStop, Amazon, Walmart, and the official Nintendo online store. However, fans in the UK can still purchase the triple-pack from Nintendo's UK store and Amazon, with the latter offering a slight markup. The amiibo unlock exclusive in-game outfits for Shiver, Big Man, and Frye.
Nintendo pre-order updates – July 26, 2026 – LEGO Donkey Kong arcade, Hasbro Zelda toys, more
This article provides a comprehensive list of video game and merchandise pre-order updates for the week of July 26, 2026, across various retailers in the United States, Canada, and the UK. It details upcoming releases for the Nintendo Switch and Nintendo Switch 2, including games like Elden Ring, Metal Gear Solid: Master Collection Vol. 2, and Xenoblade Chronicles 2, as well as amiibo and Hasbro Zelda toys.
Sega Won’t Ditch Physical Media, But Says Digital Expansion Is Vital
Sega president Shuji Utsumi stated that while digital expansion is vital for global reach, the company remains committed to producing physical media. He acknowledged the industry's shift towards digital distribution for 'full games' on consoles and PCs, but emphasized valuing the culture of physical releases and aiming to balance both formats. This stance contrasts with Ubisoft CEO Yves Guillemot's view that the end of PlayStation disc production won't significantly disturb the industry.
Analyst Says Sony Killing Physical PS5 Games “Dooms” Brick-And-Mortar Stores
Analyst Michael Pachter believes Sony's decision to discontinue physical PlayStation 5 game releases in January 2028 will be the "death knell" for brick-and-mortar game retailers. While the move may save Sony money, Pachter argues it is anti-consumer and ignores the significant role the used game market plays for consumers and retailers like GameStop, whose business is increasingly reliant on collectibles and hardware.
Two PlayStation Games Sold Over 10,000 Physical Copies in the Week Ending on July 11th – Analyst
Analyst Mat Piscatella noted that only two PlayStation games sold over 10,000 physical copies in the week ending July 11th, with only seven exceeding 100,000 for the year. Despite fan backlash, retailers like GameStop are not opposing Sony's decision to end PlayStation disc production in January 2028, citing a natural shift towards digital media preferences.
Physical Games Are “Irrelevant” To GameStop’s Business, Says CEO
GameStop CEO Ryan Cohen stated that physical games are irrelevant to the company's business, with software now making up less than 12% of revenue while collectibles and hardware comprise the majority. He expressed indifference to PlayStation's potential shift away from physical discs, emphasizing the company's focus on other revenue streams like collectibles and his ambition to acquire eBay.
GameStop CEO says Sony's axing of physical games 'doesn't matter at all' in a statement sure to…
GameStop CEO Ryan Cohen stated that Sony's decision to end physical game production for PlayStation titles from 2028 is 'totally irrelevant' to the company. He noted that physical and digital games only account for 18% of GameStop's revenue, with collectibles making up the majority of their business. This stance comes amidst consumer backlash over the move away from physical media and concerns about digital ownership.
Labor unions challenge Xbox, GameStop CEO says physical game sales are 'irrelevant,' and Glen Schofield retires - Patch Notes #61
Labor unions have filed unfair labor practice charges against Microsoft for allegedly mishandling recent Xbox layoffs, citing "coercive actions" and "unilateral changes." Meanwhile, Dead Space co-creator Glen Schofield has retired from game development, and GameStop CEO Ryan Cohen stated that physical game sales are "irrelevant" to the company's business.
Rumour: Zelda Ocarina of Time remake pre-orders could begin 4th August
A rumor suggests that pre-orders for the remake of The Legend of Zelda: Ocarina of Time may begin on August 4th. This information was reportedly found on a cached GameStop listing.