Scalper1 News
Video game retailer GameStop faced renewed comparisons to the defunct Blockbuster Video on Tuesday after game publisher Electronic Arts announced a new online subscription service for Microsoft’s Xbox One console. GameStop (GME) stock fell as much as 9% on the news Tuesday, ending the day down nearly 6% to 43.43. GameStop stock has been shaken in the past by concerns that digital downloads and Internet streaming would make its sales of packaged software as obsolete as renting movies from a brick-and-mortar store. Electronic Arts (EA) said its new service for Microsoft ‘s (MSFT) Xbox One is called EA Access. The service starts at $4.99 a month and is being rolled out to a limited number of gamers in a beta test. EA didn’t give a date for the official launch of EA Access, except to say that it will be soon. “During the beta, gamers will have unlimited access to four… Scalper1 News
Scalper1 News