IDG: Other publishers are thinking about raising video game costs for PS5 and Xbox Series X

Other game publishers are looking at elevating the selling price of game titles for PS5 and Xbox Collection X, says online games investigate firm IDG Consulting.

It follows the information that NBA 2K21 will be priced at $69.99 on the subsequent consoles, $10 extra high-priced than it is on the current gadgets.

Talking with GamesIndustry.biz, IDG President and CEO Yoshio Osaki suggests that game pricing has remained flat given that 2005, whilst Tv set and movie pricing has amplified significantly.

“The final time that subsequent-gen start software pricing went up was in 2005 and 2006, when it went from $49.99 to $59.99 at the begin of the Xbox 360 and PS3 technology,” he claims.

“Throughout that time, the expenditures and charges in other affiliated verticals have gone up.”

Osaki claims that following-gen console sport creation prices have improved by 200% to 300%, dependent on the IP, studio and style, but the rates have remained at $59.99. In the meantime, cinema ticket costs have risen 39%, Netflix membership fees have gone up 100%, and Cable Television set packages have risen by 105%.

“Even with the raise to $69.99 for up coming-gen, that price enhance from 2005 to 2020 following-gen is only up 17%, much decreased than the other comparisons. Whilst the price of growth and publishing have long gone up, and pricing in other entertainment verticals has also absent up significantly, following-gen program pricing has not reflected these increases. $59.99 to $69.99 does not even include these other value raises totally, but does go it more in the good way.”

He carries on: “IDG is effective with all major game publishers, and our channel checks indicate that other publishers are also discovering shifting their subsequent-gen pricing up on selected franchises, for the exact same reasons outlined previously mentioned.

“Not each individual video game need to garner the $69.99 cost position on up coming-gen, but flagship AAAs these types of as NBA 2K merit this pricing a lot more than others.”