Corporations are allowed to charge whatever they want, consumers can choose to buy or not. That's the free market. Selling a video game for $70 is not illegal or even immoral, it's wha the market will bear.
With that out of the way, I played Ratchet and Clank on the PS5. It's a great game. Nowhere during the game did I think I would have been happy to pay $70 for it.
Gamers compare the price of games vs. movies to extol how much more worthwhile games are. Let's revisit that. The average movie ticket is $15 for a two hour movie. Multiply that by 5 (for ten hours total) to get roughly the average price of a new game plus tax (~$75). Now the value argument is immaterial since ten hours worth of movies is comparable to the length of the average video game and unlike a game publisher, the theaters don't constantly reach into my pocket for more cash after I bought the ticket.
Even large expansive games like Skyrim, GTAV, and yes even Breath of the Wild are full of empty busywork fetch quests that damage their value. Also with rapid price attrition, anyone now who buys a game at launch when it is very likely that the game will get reduced in 1-2 months is an instant gratification fool.
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