heres the soruce copy and pasted
Gamestoprevealedthat they are worth $1.8 billion a year and still remainsadamant that usedsales dont impact new.
In aninterviewwithGamasutra,GameStop CEOPaul Rainespoints out that 70%of the income gamers receive from turning in their used games is spent on new gaming products. Yet many developers andpublishers believe thatthe used sale methods of retailersis actually killing the industry.
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My answer to developers is that we are driving growth in acategorythat needs to grow, he said. We think theres a real lack of awareness as far as how its good for the industry. The transparency youre seeing from us is because we want people to know about it,helping peopleunderstand what were trying to do for the industry.
Many gamers see the trade-in model ascurrency, a means to purchase a new title they couldnt afford with straight-upcash. And its not justthegameseither: used consoles can betradedin towards a newer version, to purchase a batch of used titles or the latest AAA shooter on the market. Either way,the moneyis usually dumped back into the games industry.
Raines says, The knowledge of how this model helps drive sales really resides at the publisher level. We have not been successful in communicating to developers how thisbusinessreally helps. Now, if Im a developer, I know that [used games] give me heartburn, to see a game He tails off, aware perhaps that saying the words to see a game I poured myheart and soulinto selling at close toretail priceswithout yielding up a cent in royalties.
Were really not cannibalizing new game sales, Raines proceeded, Thats a common misconception. So my answer to developers is that we are driving growth in acategorythat needs to grow.
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Raines concluded, We think theres a real lack of awareness as far as how its good for the industry. The transparency youre seeing from us is because we want people to know about it,helping peopleunderstand what were trying to do for the industry.
As Raines points out,Its going to get picked up, there are a lot of people [on the internet] who tend to be very developer-centric, they love the developers. Anyone who is perceived as doing anything whatsoever to detract from the developer is going to catch some vitriol from the [internet] folks.
He makes one last point, the pre-ownedbusinessis not going to go away overnight. No matter what happens, there will be people who want a $9.99 Madden 07. They dont have $59 to pay for the new game. Weve got a ton of customers still playing PS2 games. I mean, where do you buy PS2 games anymore except GameStop? Theres a consumer for that.
So do you think pre-ownedbusinessimpacts the developers andpublishers?"