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Pachter On PS Now: "This Has No Prayer of Working"

Analyst Michael Pachter slams Sony's new streaming service, saying it's a "joke."

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Sony proudly unveiled their new PlayStation Now streaming service, which will come to the PlayStation 4 this summer.

However, industry analyst Michael Pachter thinks it's a really terrible idea. Speaking to Game Informer (as cited by VideoGamer), Pachter says Now is  "joke" and no publisher is interested in participating. That would be a serious blow to Sony if the prediction proved accurate.

"PlayStation Now is a joke. There is no publisher that is going to license content that's less than two-years old because they would be concerned that they can't sell as many copies if they make it available for subscription or rental."

SCEA marketing vice president John Koller disagrees, claiming that thus far, publishers have been "exceedingly bullish" on the concept of Now. That being said, Sony hasn't yet announced any third-party partners for the service.

"This has no prayer of working. None."

If you weren't aware, PlayStaiton Now lets users stream PlayStation titles to devices like the PS4, tablets, smartphones and Bravia TVs.  Right now, they're running a beta test that appears to be going along well.

Pachter may have a point

It's a strong statement, but maybe he's not far off the mark. Publishers will have to consider the prospect of sacrificing sales if they make a game available for subscription or rental. Furthermore, gamers will have to embrace yet another streaming service on top of ones they've already got, such as Netflix.

Originally Published Feb. 5th 2014

Featured Columnist

A gaming journalism veteran of 14 years, a confirmed gamer for over 30 years, and a lover of fine literature and ridiculously sweet desserts.



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Comments
  • 6
    Derrick Hunt 7 months ago
    Featured Contributor
    Well, the good news here is Pachter is always wrong. So it'll probably work out just fine. Look at what Sony has done with PS+ and the amount of relatively new games that they've been able to give out through that service. Sony knows what they're doing.
  • 60
    Amy White 7 months ago
    Editor in Chief
    Not always, but I am beginning to think he might be a tad addicted to bold, controversial statements for the sake of stirring up the media.
  • 60
    Fathoms_4209 7 months ago
    Featured Columnist
    He's really not "always wrong." It's just that when he is, it gets headlines, so we remember it. When he's right, that gets ignored.

    I've been reading investor notes and other messages from Pachter for years. Truth is, he's more often in the ballpark than not. As for this particular statement, I think Amy is right...it's more about delivering a bold, arguable comment that gets people talking.
  • 12
    Cortalia 7 months ago
    Contributor
    well it got us talking...

    Wasn't their a console... onlive I think that flopped because it was all about streaming games....

    Pachter is right about one thing.. you really think publishers are going to line up to let people stream their game... when their typically looking to make money from game sales?... In order for them to make it work you'd need some form of subscription fee + rental fee, remember a new games like 60 bucks, it would take ... seven to eight months for them to rent a game out at 7.99/mnth (its what you pay for netflix)...

    The problem here is money vs time. If you charge a rate to which people are actually willing to pay... 7-10 bucks a month it takes too long for companies to get their money out of the game rental process, since most people would rent it for one month and be done with it, not very many games are going to peak someones interest longer than that and if it did... well they would just go buy the game.

    However if you charge more .. people wont bite, i remember these things called movie rental stores... movie gallery, blockbuster, ect. Where I live... there isn't a single one remaining.. why... 10 bucks to rent a game 3-5 days... for that price, i might as well go buy the game. ... especially as titles get older and marked down to 29.99. Back in the SNES days we'd rob the piggy bank for 3.00 and go rent a game for the weekend... and i mean we should have bought super mario legend of the seven stars and capcoms marvel's alliance... my brother and i must have rented those games like 40 times.