However, he says increasing costs of a brand new game could convince people to sign up: "Adding in the new service will undoubtedly increase subscribers and revenue, despite the costs," Dr Shell said.Īnd there is also an element of "perceived" savings, Dr Shell added. Spider-Man: No Way Home boosts profits for Sony - but chip shortages hold back its PlayStation businessĭr Jethro Shell, senior lecturer in Games and Intelligent Systems at De Montfort University in Leicester, added: "Both gaming and TV services may be the first expenditure to be removed, certainly before areas such as broadband and mobile phones." "As the cost of living crisis deepens the 'sign up to all of them' mentality of the past might not be as achievable in the future," Miles added.Ĭost of living: Stark new retail data paints bleak picture of consumer confidence Image: The new PlayStation subscription is a rival to the Xbox Game pass. That news came a day after the launch of the new Paramount Plus video streaming service, adding to the wide variety of subscriptions available to consumers. It was reported last week that Netflix recently laid off 300 employees in a second round of job cuts due to falling subscriber numbers. Stuart Miles, founder and CEO of Pocket-lint, said: "With so many subscription services from Netflix to Disney+ all vying for our money consumers have to weigh up which service will give them the most value for money." However, digital entertainment companies are facing a challenge. Subscription services vying for customers' cash Players will also be able to stream their gameplay to various devices, so their console is available anywhere they go via their smartphone. Previously only available to subscribers to PlayStation's PS Now streaming service, gamers can now enjoy that as part of an all-inclusive price. Image: Gamers can play older games as seen on the PlayStation 4, 3(pictured) and 1 consoles via the new subscription.
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