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Game Retailer GameStop Says It Can't Sell Itself, Sees Stock Drive 27 Percent (arstechnica.com)

GameStop announced today that it has called off a decision to find a private buyer for the company and its subsidiaries. "The announcement ushered in the public company's largest stock-value dip in over 10 years, seeing it plummet in one day from $15.49 to (as of press time) $11.28 -- a dive of roughly 27 percent," reports Ars Technica. From the report: The Texas-based gaming retailer had been linked to acquisition rumors, as The Wall Street Journal reported earlier this month that multiple private equity firms had been circling GameStop -- and its subsidiaries, including the merch-focused ThinkGeek and the gaming magazine Game Informer. That report had suggested a deal might close by mid-February.

However, Tuesday's statement indicated that prospective deals fell through "due to the lack of available financing on terms that would be commercially acceptable to a prospective acquirer." The rest of the statement offers little clear hint of the company's next steps beyond pumping the cash from a recent subsidiary sale into options such as "reducing the company's outstanding debt, funding share repurchases, or reinvesting in core video game and collectibles businesses to drive growth."

104 comments

  1. So long, retail markup. by Anonymous Coward · · Score: 0

    That's all they ever were.

  2. The stock drove 27 percent? by apparently · · Score: 1

    Is 27 percent a lot to drive? Did they try the Ubers?

    1. Re:The stock drove 27 percent? by dryriver · · Score: 1

      In the even of a crash, it can be advantageous to claim that it was "the stock that drove", not you. Kind of like what Uber did a while ago...

      --
      Why did the chicken cross the road? Because Elon Musk put an AI chip in its head.
    2. Re: The stock drove 27 percent? by Anonymous Coward · · Score: 0

      The Slashdot Editor's lack of pride in their product is a crying shame.

    3. Re: The stock drove 27 percent? by Anonymous Coward · · Score: 0

      Trying to calculate the odd of that even happening is going to dive me crazy.

    4. Re:The stock drove 27 percent? by Anonymous Coward · · Score: 0

      They should have used Lyft

  3. Dumb af unless they're shorting their own stock by rmdingler · · Score: 1

    Though I'm never to ever be confused with someone you should seek out for financial advice, isn't the proper PR move here to game the lack of interest with a less damning press release?

    Something like "We're considering the advantages of keeping the company private"

    as opposed to, the rather telling, "We tried to sell out, but nobody wants us."

    --
    Happiness in intelligent people is the rarest thing I know.

    Ernest Hemingway

    1. Re:Dumb af unless they're shorting their own stock by Harlequin80 · · Score: 3, Interesting

      No not really.

      The board had previously announced that it was seriously looking at private equity options and to change that without reason would cause serious questions in the boards judgement.

      Announcing that the sale would not go ahead due to inability of a buyer to secure acceptable financing though is a genuine, rational reason not to proceed.

      I also strongly suspect that a large part of the share price drop would be through speculators exiting the stock now that a sale is not happening. Looking at the historical share price it looks like the correction to ~$12 is very close the the june shareprice when the buyout noise started.

  4. Bricks and Mortar Game Shops Would Sell More Goods by dryriver · · Score: 4, Interesting

    If the game packages sold there actually contained the BLOODY INSTALL DISCS. Steam has ushered in a nasty era where you walk into a bricks and mortar shop, plop down 60 bucks for a game, and get a plastic box with only a download code and a little flyer inside. What ever happened to putting actual install DVDs inside a game case? Of course people will not buy at meatspace retailers any more. There isn't much point to paying money for a plastic game box with literally nothing inside it. Now if someone managed to make dirt-cheap 40GB ROM chips for distributing software from physical stores, that might change things quite a bit. In many countries, broadband speeds are so bad that games take hours to download. A lot of people may prefer walking over to a physical game retailer and picking up a little ROM cartridge with a full game on it.

    --
    Why did the chicken cross the road? Because Elon Musk put an AI chip in its head.
  5. Re: Dumb af unless they're shorting their own stoc by Anonymous Coward · · Score: 0

    Yep, you are right. Somethingâ(TM)s up.

  6. *Dive by Anonymous Coward · · Score: 0

    editor, noun, editor
    1 : someone who edits especially as an occupation

    1. Re: *Dive by Anonymous Coward · · Score: 0

      If I was a Slashdot editor I would just give up and throw in the towel. Seriously a monkey that was taught Perl for 20 minutes could do a better job of managing the whole site.

  7. Companies fail ... by Anonymous Coward · · Score: 0

    prospective deals fell through "due to the lack of available financing on terms that would be commercially acceptable to a prospective acquirer."

    Look, the reality is, companies fail.

    It sounds like they've gotten themselves so far screwed that any potential buyer isn't going to be able to make a go of it, and therefore considers it a waste of money.

    By the time a company is in a state like that, its failure is pretty much inevitable.

    Whether the market changed around them and they didn't adapt, or management just ran it into the ground ... it sounds like while this is unfortunate, their demise is pretty much a done deal.

    At the end of the day, this is a company going out of business. At least they're not being considered too big to fail and have to be propped up at all costs.

    Me, my first thought it always "and just how much have they been over-paying their executives?" Because those clowns have been overpaid for a very long time, even if they run the company into the ground.

  8. blu ray disc by Joe_Dragon · · Score: 1

    blu ray disc

    1. Re:blu ray disc by HornWumpus · · Score: 1

      How quaint.

      I don't think I've ever held software distributed on bluray. Anybody?

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    2. Re: blu ray disc by Anonymous Coward · · Score: 0

      GameConsole you fucktard. It is still software and an Xbox One is effectively a custom PC with custom Win10.

    3. Re: blu ray disc by HornWumpus · · Score: 1

      That explains it, I'm not a console ghetto gamer.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    4. Re:blu ray disc by Anonymous Coward · · Score: 0

      Playstation 4.

    5. Re:blu ray disc by SuperKendall · · Score: 1

      I don't think I've ever held software distributed on bluray. Anybody?

      Um, every PS4 game since ever??

      --
      "There is more worth loving than we have strength to love." - Brian Jay Stanley
    6. Re:blu ray disc by Hadlock · · Score: 1

      I'm not sure I've ever seen a PS3 or PS4 in person, except maybe through a display window, at a distance. A guy in high school had a PS2 though, back in the day.
       
      I have a couple of 32 and 64GB USB memory sticks from a couple years ago, but I hardly ever use them.

      --
      moox. for a new generation.
    7. Re: blu ray disc by Anonymous Coward · · Score: 0

      DIAF

    8. Re: blu ray disc by Anonymous Coward · · Score: 0

      What a sad, sheltered life you must live.

    9. Re: blu ray disc by Anonymous Coward · · Score: 0

      A custom terrible PC. Which is mind boggling.

    10. Re: blu ray disc by Anonymous Coward · · Score: 0

      Spot the console peasant.

  9. Re:Corrupt "capitalism" by Anonymous Coward · · Score: 0

    Hey everybody! It's another racist socialist. Who woulda thunk it?

  10. Re: Bricks and Mortar Game Shops Would Sell More G by Anonymous Coward · · Score: 0

    Pedantic ass is being pedantic. CDROM is interchangeable as optical drive for many.

  11. all I have is a WORM drive. by Anonymous Coward · · Score: 0

    Guess I'm outta luck.

  12. Gamestop has ... No Games by Anonymous Coward · · Score: 0

    Walked into a gamestop about six months ago. Half the store was t-shirts and merchandise.

    On one of the shelf racks, they were selling board games -- the boring things video games were invented to move us beyond. The sheer oblivious of whoever made the decision was more staggering than seeing the shelves.

    The utter and complete failure of corporate capitalism to understand an industry that literally prints money has been an education in and of itself for the last 20 years. As budgets balloon, profits sink, and customers literally, literally get bored with video games, I consider this -- above the financial crisis -- to be the most damning indictment of modern business management. This goes all the way back to Atari's sale to Warner in the 70s. Half drunk 20-somethings pulling all nighters churn out million selling, 10000% ROI units in 4 months, but hand it over to the suits and bankruptcy follows quickly if you're lucky, worldwide industry crash if not.

    Whatever pretence MBAs have about scientific or even methodical management of industry, I don't believe it for a second. If you cannot make money selling video games to children and even nowadays not-so-children, then you are literally not qualified to run a sweet shop. If kids entering your store choose to buy board games instead of the digital age's most singular interactive invention, the city should shut you down.

    1. Re:Gamestop has ... No Games by Anonymous Coward · · Score: 0

      Walked into a gamestop about six months ago. Half the store was t-shirts and merchandise.

      Quite. Stores don't magically shrink, nobody buys physical copies of PC games, and current consoles don't have huge libraries. And no, selling shitty NES cartridges isn't going to turn a profit, no matter how greasy your unkempt hipster beard is.

      The utter and complete failure of corporate capitalism to understand an industry that literally prints money

      I'm sure you could educate them, at least in running a business into the ground more efficiently.

    2. Re:Gamestop has ... No Games by Anonymous Coward · · Score: 0

      At current share price, Gamestop is paying a 9.5 percent dividend. How many of you haters are banking that much profit?

  13. Re:Bricks and Mortar Game Shops Would Sell More Go by Anonymous Coward · · Score: 2, Insightful

    Went to buy a vr headset for my PS4 and the sales people didn't know anything about them, couldn't tell me why there were 2 types, had no demo model to try. Those are literally the only reason why I went down there otherwise I would have bought online. So Train your employees, have demo models, or I will just buy online because I might as well not leave the house.

  14. Prospective Buyers actually make sense by Anonymous Coward · · Score: 1

    Reselling games at retail is a tricky business to be in. Digital distribution has obviously been the future for more than a decade (almost two at this point). Game vendors would much rather sell direct rather than minting disks.

    Disks aren't even games. They're a proof of ownership token with a content cache that's usually mostly out of date before the game's official launch.

    Profit margins are razor thin and game vendors would rather sell direct anyway.

    As a result, Gamestop makes most of their money selling trinkets, toys, tshirts, services (dubious as they are), and reselling used kit. Ever been in one lately? They're like a boutique shop for *wretch* 'nerd' *gag* 'culture'. Games and hardware are just there to draw customers in.

    Thinkgeek is the perfect buyer. They're in the same industry.

    1. Re:Prospective Buyers actually make sense by Locke2005 · · Score: 4, Insightful

      The game manufactures DO NOT WANT anyone to resell used games, it cuts into their profit margins! Therefore, they are likely to do things to screw over the sellers of used games, as I am sure Game Stop discovered.

      --
      I've abandoned my search for truth; now I'm just looking for some useful delusions.
    2. Re:Prospective Buyers actually make sense by Anonymous Coward · · Score: 1

      Thinkgeek is the perfect buyer. They're in the same industry.

      ThinkGeek has been owned by GameStop since 2015.

    3. Re:Prospective Buyers actually make sense by Anonymous Coward · · Score: 0

      It sounds like game stop, or game stop's parent company already owns thinkgeek

    4. Re:Prospective Buyers actually make sense by Anonymous Coward · · Score: 0

      Except there are plenty of games that are no longer manufactured. There's also the problem of people selling used games to be able to afford newer ones. The industry may have won in Japan, but pretty much everywhere else on earth you can find second hand video game stores.

      It's only in the bazarro IP industry that the manufacturers get to retain ownership of their products after the point of first sale and get to dictate how someone else may use the product they purchased. Despite any economic damage such behavior causes.

      They can cry as much as they want, but they are still more privileged than most other industries, and they still act like they are somehow victimized by places like Gamestop. They should take that act and sell it with some cheese. Maybe they'll make up for their "lost sales" that way.

    5. Re:Prospective Buyers actually make sense by drinkypoo · · Score: 1

      "Except there are plenty of games that are no longer manufactured."

      Yes, but Gamestop stopped carrying old games. They only go back to PS2/Xbox/GC now. They dropped all the carts, all the 32 bit except Xbox, etc. That stuff used to get gamers in the door.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    6. Re: Prospective Buyers actually make sense by Anonymous Coward · · Score: 0

      There are plenty of second hand video game stores in Japan.

    7. Re:Prospective Buyers actually make sense by Anonymous Coward · · Score: 0

      Gamestop is just getting what they deserve.

      They've been scamming users out of their old games, and then reselling them for huge margins. I stopped buying after they bought out a lot of the other used game resellers about 2 decades ago.

    8. Re:Prospective Buyers actually make sense by gravewax · · Score: 1

      gamestop don't carry and aren't interested in old no longer manufactured games, they want games with high turnovers, they want to resell second hand new and recent releases, those make them money as they fuck over the person trading them in as well as the buyer. But that market is dying in the digital age as even if the game can be easily resold it will inevitably require online subscriptions or season passes.

    9. Re:Prospective Buyers actually make sense by mrfaithful · · Score: 1

      The game manufactures DO NOT WANT anyone to resell used games, it cuts into their profit margins!

      True for the most part. It also cuts into sony/nintendo/microsoft's profits too but Sony made fun of Microsoft's used game policy implying that they understand just how important it is to ongoing business and Nintendo hasn't been trying to stop it either even though they probably have big publishers trying to twist their arm too.

      It's things like that that make me think this "everything is going digital" narrative is WAY overblown. The only significant switch to digital I see is buying online and getting it shipped to your door, not downloading ethereal bits from an online store front.

  15. Re:Video games are for jobless losers by Locke2005 · · Score: 1

    Usually those jobless user's PARENTS pay for the games... problem is, you can download games now for the same price that Game Stop charges, so you never need to leave your mom's basement!

    --
    I've abandoned my search for truth; now I'm just looking for some useful delusions.
  16. Re:Bricks and Mortar Game Shops Would Sell More Go by hairyfeet · · Score: 3, Interesting

    Actually having the disc don't mean shit anymore friend. I bought Kane & Lynch II (what can I say I enjoy "so bad its good" entertainment like "The Room" and it was only $4) brand new and when I put in the disc? All it did was call the Steam home page and give you the Steam Code for the game!

    So yeah discs don't mean shit anymore, its one of the reasons why if there is a choice I use GOG as at least there I can just download the installer and keep it on a backup drive, as buying a box only to get a "disc" that just calls Steam is beyond pointless.

    --
    ACs don't waste your time replying, your posts are never seen by me.
  17. Physical disks are a drag by sunking2 · · Score: 1

    I can't say I miss the days of shuffling through dozens of cases to find where the game you really want to play is. I get the arguments for having them, but for me the advantages of a downloaded game far exceed them. Especially as I share between my sons and my own xbox account, essentially cutting the cost of multiplayer games in half. Sure it's nice to be able to sell a bunch every now and then, but not worth the hassle for the most part.

    1. Re:Physical disks are a drag by mentil · · Score: 1

      An organized shelf is faster to find a game in, than waiting an hour for that game to download because you had to delete it to make room for something else.

      --
      Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
    2. Re: Physical disks are a drag by Anonymous Coward · · Score: 0

      Then you wait 1 hour for the patch/update to download.

  18. Unzips Fly by mentil · · Score: 1

    Preparing to piss on their grave. GameStop can't die fast enough. They popularized game preorders -- which have skewed game development and marketing -- and retailer-specific content. They make it nearly impossible to walk in and buy a new game that you didn't preorder. They try to push warranties on solid-state Switch cartridges. Their treatment of employees is abysmal. Their prices for used games are usually far higher than what can be found on ebay or even Amazon. It's convenient to sell stuff to them, but that's the only upside I can give them.

    --
    Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
    1. Re:Unzips Fly by Anonymous Coward · · Score: 0

      Don't forget you can also blame them for destroying many game packages and manuals. For years they have trashed everything except the cartridge or disc when a used game gets traded in.

  19. Re:Bricks and Mortar Game Shops Would Sell More Go by guruevi · · Score: 1

    Cheap 40G ROM chips are possible, although with current gaming standards, they'd have to be flash drives since there is no way to make a 40GB codebase without a ton of errors and issues.

    The problem is not necessarily downloads (which are easier) but the fact that brick and mortar stores try to nickle and dime their customers to death. Blockbuster did not go out of business because of Netflix but because it costed $5 to rent a scratched up DVD for a week and $15 if you were late and that's how they paid their rent. Same problem with many other 'small business' stores, a bookstore is complaining about Amazon and Barnes & Noble, but has only ever opened 3 mornings and 2 full days from 9am-4pm with a 2 hour lunch break in the week, same goes for computer stores and many others, this used to work when you're the only game in town but when actual competition sets in, they whine and die.

    --
    Custom electronics and digital signage for your business: www.evcircuits.com
  20. Re:Bricks and Mortar Game Shops Would Sell More Go by mentil · · Score: 1

    Many new laptops come without optical drives, nowadays. I was expecting PC games to be on blurays by now, but nope. Who wants to put their game on 3-5 DVDs? I'm getting Baldur's Gate flashbacks of the sleeve of 8-ish CDs. Nintendo claims that NAND chips are actually cheaper than dual-layer blurays, so games might come on a flash drive instead. Of course, that's more expensive than a slip of paper with a code, plus bandwidth, so guess which one publishers are going to prefer.

    --
    Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
  21. Changing times by kugeln · · Score: 2

    Aside from their trade-in racket where people "sell" games to them, they're just another victim of the B&M vs Online bloodbath. Running a B&M costs money, employing staff costs money (useless or not), and without some kind of magic *thing* to draw people in and pay full retail, it seems like it would be almost impossible to compete with Amazon on just about anything but groceries.

    You'll always have that outlier that insists on shopping local or B&M because they can't/won't use a credit card or other payment service online, but I think those numbers are always shrinking, so you're left with the impulse shopper, and that is pretty much it.

  22. Given their appraisement of merchandise... by gunfinity · · Score: 1

    ...I'd imagine any potential buyers are only offering them 2% of what they're actually worth?

  23. Re:Bricks and Mortar Game Shops Would Sell More Go by Narcocide · · Score: 4, Interesting

    +1 underrated. GameStop's downward slide has been depressing to watch, but every single time in the last 4 years that I've tried to prop them up with my own money, neither the staff on hand nor the stock room were prepared to do their part of the bargain. I really hate having to walk next door to Target or Best Buy. Why do they do a better job at actually stocking the games?

  24. Re:Bricks and Mortar Game Shops Would Sell More Go by Anonymous Coward · · Score: 0

    Amazon wins because of better resource utilization. Brick and mortar stores clerks have lots of expensive idle time. Amazon with its web store does to retail what the cloud does to real computers: It undercuts them on costs by eliminating expensive idle time. High resource utilization is the key to Amazon's success, not just market power. The next to go is the physical gaming computer. Those are very expensive machines which sit mostly idle. And with the physical gaming computer, the notion of a physical install medium will vanish. GameStop has no chance.

  25. Re: Bricks and Mortar Game Shops Would Sell More G by Anonymous Coward · · Score: 0

    Not everyone has an ISP with speeds fast enough to tolerate full game downloads or even one without a bullshit data cap. Your priviledge is showing.

  26. Irony by grasshoppa · · Score: 1

    The ultimate irony will be when it hits "penny stock" status.

    --
    Mod me down with all of your hatred and your journey towards the dark side will be complete!
    1. Re:Irony by Greyfox · · Score: 1

      I see you have a used Gamestop to sell. I'm afraid I can only give you $1.50 in store credit for that.

      --

      I'm trying to teach myself to set people on fire with my mind... Is it hot in here?

    2. Re:Irony by metalheadsunite · · Score: 1

      Just came through the comments to make sure someone posted this joke as otherwise I would have.

  27. Maybe they could do trade in value by Peptidoglycan · · Score: 1

    Didn't someone find all the ET cartridges in a landfill a few years ago, that should net them gas money at least

  28. Driving Miss Gamestop? by sargeUSMC · · Score: 1

    I just can't help myself.

  29. No wonder they didn't sell by Anonymous Coward · · Score: 0

    Nobody was willing to put down a $100 million dollar pre-order and wait 6 months.

  30. Re:Bricks and Mortar Game Shops Would Sell More Go by jonwil · · Score: 1

    Why not just make USB sticks that contain the game files plus an installer that copies the lot to your HDD. USB sticks are cheap enough these days for that to be viable.

  31. Re:Bricks and Mortar Game Shops Would Sell More Go by rtb61 · · Score: 1

    This is a prime example of why Gamestop is failing. Think about the stupidity of Gamestop to allow, here let me sell you a game and then go to my major competitor to actually get it, how bloody stupid can they be.

    Obviously due to the nature of the company, those stores would be cheated of sales if they direct distribute online but they still needed to do the restructuring, to compete head on with steam, without killing their stores but failure to compete with steam, means those stores take gamestop down with them.

    Here is how you do it, like the old milk companies, milkman got their routes and whether or not they sold on those routes was bound to sales efforts of the milk producer. So for Gamestop, online direct sales, go to the store catchment, and that store is prompted to promote Gamestop on a click and mortar basis, so they get a credit for all gamesales, whether direct or indirect in their catchment.

    This allows Gamestop to kick Steam where it hurts, offering an extra service Steam do not, the pick up, not just for games but also for hardware. If they were really smart, that memory stick is not that bad an idea, sell a memory stick, pay for the memory stick and pay for the game, they are not that expensive now and you are not throwing it away, hell after you use it, you could go back to the store and download the game at the store of the servers in the back right to the memory stick you already OWN, ta dah, crap all over steams offering. Buy on line, go to store with memory stick and pick up the game off the stores servers.

    Whilst there, they can try to sell hardware. Gamestop are failing because they did not work to compete with steam, just sort of hoped for the best. The need to work click and mortar properly and that means creating catchments for the stores for online direct game sales. Not when ever their clients have a problem they can go to the local stores, rather than being indifferently fobbed off like steam does. They are turning to shit, so now is the time for Gamestop to expand their offering.

    --
    Chaos - everything, everywhere, everywhen
  32. I blame North Texas retail executives... by RyanRife8866 · · Score: 2

    The same group of people that tanked RadioShack, Pier1, JCPenny, etc are the same people running GameStop, they move from one failure to another with the same old ideas.

  33. Re:Bricks and Mortar Game Shops Would Sell More Go by Anonymous Coward · · Score: 0

    Now if someone managed to make dirt-cheap 40GB ROM chips for distributing software from physical stores

    Uhhhh.... you mean like these? That exactly what Gamestop sells along with 40 - 60 GB Bluray based games for the PS3, PS4, and Xbox One.

    Your rant is invalid for consoles. As for PC titles, Gamestop rarely even sells them anymore. Heck my own store has them hidden behind the register in the back of a drawer. They don't even provide floor space for them anymore because they sell so few of them. But this is something the PC Master Race allowed to happen, along with the industry's demand of Digital Only Distribution for PC titles. There was nothing to prevent Bluray from replacing DVDs like DVDs replaced CDs before them. The facts were that despite most PC gamers having dedicated rigs for their habit, they couldn't be bothered to grab a Bluray drive from Amazon. Nor demand a builtin Bluray drive standard from whitebox retailers.

    The PC gamers also did nothing when the PC games became account bound. That was when Gamestop and others like it dropped PC games. With the games bound to an account, it's impossible to resell them without permission from the license server, and the industry wasn't about to allow a chance to kill second hand sales pass by them. So Gamestop dropped the PC platform as a first class citizen. It's been downhill for the PC platform ever since.

    In short, the reason PC games come from the internet and nowhere else is because the PC gamers didn't do anything to keep their options open, and the industry took advantage of them as a result.

  34. Kingdom Hearts 3 preorder hell by Anonymous Coward · · Score: 0

    Might have something to do with the fact that this company has a HISTORY of pulling scummy things like what happened this week. For those out of the loop, they canceled a PREORDER .. To make make it worse,she traded in her old ps4 expecting the preorder version which was a limited release.. Honestly I don't understand how they haven't been burried by now.

  35. Re:Bricks and Mortar Game Shops Would Sell More Go by Anonymous Coward · · Score: 0

    I don't really have time to buy (play) games, but it's nice to have a "store" (ad platform) that doesn't exploit every phonehome alwaysonline clouddependency DRM control telemetry $bullshit option possible. Few of them, even! I'd even entertain the claim that you actually own the product you bought.

  36. Do we need Game Boxes? No. Want them? Maybe by Jastiv · · Score: 1
    I remember in the early 2000's going into a store and actually buying games in a box. That was a long time ago now. I probably stopped around 2005 or 2006. I really have no idea what happened, but I guess getting discs are a thing of the past, and kind of pointless when you have always on DRM on steam anyway. Disc based DRM really sucked because you wasted several disk drives just playing the game, wearing them out because the stupid cd had to be in the drive. Online based DRM sucks because if you lose your internet connection, then you can't even play a single player games.

    So, since that time I have been (on and off) developing a free software and free culture multi-player online RPG called Wograld. Yes, the game industry is broken, but until we reform the business models, it will stay broken.

    So, maybe people want the fancy box and disk, and cloth map and figure etc. But it might as well come with the complete game too on the disk and no DRM or just call STEAM stuff. (if its client server, it should come with some kind of use-able server too). So maybe game download = free Collector's Edition Box = $$$

  37. Re:Bricks and Mortar Game Shops Would Sell More Go by Anonymous Coward · · Score: 0

    Another reason that Gamestop is failing is paying $5 to $10 for a used game disk, and trying to sell it for 95% of the new retail price! I am not a fan of game consoles anyway, they are all inferior to a PC in many ways. And I won't ever pay $40-$60 for game, and I won't pay at all for a game where it is not on some sort of media that I can install (and reinstall if necessary) from and play the game totally without an internet connection, and without any type of authorization required! The DRM, and especially requiring an internet connection to play a game is just too annoying and stupid! Most new games suck anyway, they are just the same old games with a slightly modified story line and updated graphics. And far too many game have mediocre game play at best and the devs are counting on graphics to sell the game. An example. The original Decent 3D was a really fun game, in spite of being an old DOS game. Its graphics were pretty good at the time. Some friends and I played it for a lot of years, even though there are games with better graphics...it was (and is) more fu n that some games with a lot better graphics! Same with Smokin Guns, and some other old games.

  38. I'll take it off their hands by Tyger-ZA · · Score: 2

    They can trade it in for tree fiddy

  39. Re: Bricks and Mortar Game Shops Would Sell More G by Anonymous Coward · · Score: 0

    However, given today's game development cycle, the moment you installed the game from USB, an Internet connection would be required for the 20 GB patch.

    That even happens on consoles. It's like reliving the old 8 bit "you must wait 10 minutes before the game loads" computer era.

  40. Why isn't Gamestop selling GOG Releases on DISC? by Anonymous Coward · · Score: 0

    That is a perfect example of how Gamestop could 'get with the times' while providing a service customers would pay for.

    A few bucks extra (no more than 5 over the gog.com website price) would make purchasing media worth it. Include a registration code for the gog website, for people who want to use it, and for the rest of us we get our gog games without needing it tied to a gog account, which could tell more about our interests than we would prefer to share with others.

    But apparently none of these MBAs can figure out what customers want, or what demographics they should cater to when the bottom falls out of their current demographic (particularly since Gamestop started catering to the 'bro gamer' and primarily centered on mindless console games like football, military shooters, etc.

  41. Et tu DLC and High Speed internet. by Chas · · Score: 1

    Seriously. What IS the future of a place like GameStop?
    More and more game vendors are moving to electronic distribution.
    And you can basically buy the physical hardware ANYWHERE.
    That's basically a knife in the heart for them.

    --


    Chas - The one, the only.
    THANK GOD!!!
    1. Re:Et tu DLC and High Speed internet. by nwf · · Score: 1

      There is no future for GameStop, that's what they meant when they can't find a buyer. The company has been running on fumes for years. There's no value in anything they do. I'm surprised they've held on this long. Late 2017 had articles about them being doomed, and I'm honestly surprised they are still operating.

      There's just no way they can pivot to doing anything else useful. The secondary market is effectively gone and if you have to download the game anyway, you might as well just pay for it online.

      Going forward, any game publishers sending them inventory will never get paid.

      --
      I don't know, but it works for me.
  42. Re: Bricks and Mortar Game Shops Would Sell More G by jonwil · · Score: 1

    If the USB sticks are loaded in-store from a kiosk at purchase they could be loaded with whatever the latest patch is at that point.

  43. Re:Bricks and Mortar Game Shops Would Sell More Go by Anonymous Coward · · Score: 0

    What the fuck are you babbling about? Maybe you should go play on your PS4 or Xbox, oh just wait, login to you PS or Microsoft account. Oh wait, can't play the game because I have to be online and now it has to download a huge patch for the game before I play... just waiting... so the whole experience is the same as on PC only I can go to a bricks and mortar store to buy my games! High and mighty!

    You're a joke.

  44. Re:Bricks and Mortar Game Shops Would Sell More Go by Anonymous Coward · · Score: 0

    It could technically distributed on disks or SD card right now. From my understanding, you can copy a game's folder contents between computers (say a friend's).

    As long as your Steam account has the game, it will run.

  45. Re:Bricks and Mortar Game Shops Would Sell More Go by AmiMoJo · · Score: 1

    it was only $4

    That's why people still buy stuff in physical shops. Steam if the exception but most online shops don't do big discounts. Often they don't do discounts at all, still charging full price for four year old games.

    --
    const int one = 65536; (Silvermoon, Texture.cs)
    SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
  46. I also remember ... by devlp0 · · Score: 1

    Blockbuster!

    --
    >/dev/null 2>&1
  47. Re:Bricks and Mortar Game Shops Would Sell More Go by mrfaithful · · Score: 1

    Gamestop are failing because they did not work to compete with steam, just sort of hoped for the best.

    Gamestop and GAME and EB Games and all the like are crap and make the experience of shopping in their store a painful one and they deserve a rude awakening, but I just can't abide people bringing up Steam as if it somehow took the legs out from under them. It's entirely a secondary market of a smaller niche compared to the Playstation/Switch/Xbox customers that buy/sell/resell physical goods and if it went away tomorrow Gamestop wouldn't suddenly jump back into the black. The PC master race has to demand better from their publishers instead of supporting shitty DRM and games-as-a-service practices and then maybe their platform will compete with the dominant consoles. Gamestop isn't really in a position where they can or even want to do that.

  48. Re: Bricks and Mortar Game Shops Would Sell More G by mrfaithful · · Score: 1

    Cheap USB sticks are slow though. The last patch I installed was 4gig. It downloaded pretty quick because I have decent 200mbit/s, however if I had to copy that to a flash drive cheap enough to distribute en masse I'd expect it to be SLOWER than the download. I've had some god awful flash drives come across my desk and 1 hour to do 4 gig is far from the worst.

  49. Re:Bricks and Mortar Game Shops Would Sell More Go by thegarbz · · Score: 1

    and picking up a little ROM cartridge with a full game on it.

    Only to insert it into your console and have to download a 10GB "update" to say nothing of "don't forget the second half of the game is DLC" or the games which are episodic.

    Welcome to the brave new world. Physical media means nothing and gains you nothing over the download these days.

  50. Re:Bricks and Mortar Game Shops Would Sell More Go by froggyjojodaddy · · Score: 1

    I have the same problem. I live in a rural area and my internet is extremely slow. I purchased the last Battlefield game last year (maybe the year before?) and I still haven't played it because it wants to download 17GB of data and my internet connection won't stay up long enough for that to complete successfully.

  51. Re:Video games are for jobless losers by Anonymous Coward · · Score: 0

    The nineties called. They want their rants back. 2019 is on hold, they are asking if you would like to inquire about the current state of technology and something called the mobile market.

  52. The next Block Buster ? by racerex · · Score: 1

    I'm just wondering at what point do they crash and burn. Their model has become outdated and as customer for MANY years I've gotten to the point that I try not to to go there any more when I days past I was loyal to the point that I purposely tried to keep my business there. The changes to their reward system are terrible (and after YEARS of accumulating points they are no longer worth squat), I get tired of them trying to strong-arm me into buying used games when I want knew ones (to the point that I've could employees lying to me about availability) and ThinkGeek is an overpriced joke with retail stores literally charging more than online... and I can only use my rewards points for "gift cards" good in their RETAIL stores (used to be online too) which basically nullifies the points you just wasted. I feel like I earned nothing after spending thousands of dollars over the years while paying for a membership with them to do so. Oh yeah... they've accidentally cancelled my Game Informer subscription TWICE in the past two years (I had to call both times to get fixed and no one could tell me what happened - it was a "glitch" I was told both times... NOT an acceptable answer). I've been playing video games for about 38 years. I am a collector and will always have a love for them and I believe will be playing until I physically can't any more. This company has lost a long time customer and I'm sure I'm not the only one that feels this way. I am not surprised that their stock has dropped one bit and in their current state they are all but doomed. They are looking like the next Block Buster if you ask me.

  53. GameStop are crooks anyways by LordAba · · Score: 1

    I know most big companies keep track of you, but it was kinda eye opening in one of my visits.

    I was asked to make a GameStop account, and refused (I don't go there enough to justify selling more of my private information). The person who rang up my credit told me "Hey, because you bought z, y, and z the last time you were in you could have have saved 10 bucks, I might just do that and take the money for you." It was kind of... refreshingly honest in a way? Seeing how the sausage is made is a phrase that comes to mind too.

    That was the day I swore off GameStop forever.

  54. Should that title be "Dive," or "Drive?" by Anonymous Coward · · Score: 0

    Looks like a mistake I would make....

  55. decay bit rot acellerated by online connections by Anonymous Coward · · Score: 0

    A major percentage of console games sold today require cloud access or have a minimal offline 1 player mode.

    Combine with EA/epic shutting down servers for older games 2 years after the game is released, Gamestop is stuck with tens of thousands of unusable/unplayable games every year.

    The minigame grind of current sports titles, FIFA, makes them largely unplayable unless you are going to spend 1 hour a day doing all of the quests.

    I want to pick up a game, play with some friends locally or online and not have to spend weeks grinding away to upgrade my team.

    Combine with better quality freemium mobile titles with real time pvp, my limited amount of console time has decreased.

    It's not worth $10 a month to pay for console X online access to play 1 game.

  56. Re:Bricks and Mortar Game Shops Would Sell More Go by hairyfeet · · Score: 1

    Platform DRM doesn't have shit to do with it buddy, it has to do with the fact console owners? Kinda tarded. You can go to YouTube right now and see dozens of vids about how you can grab a $50 office box, slap in a 1030 or rx460 and voila! You'll have a system with better frame rates and cheaper games than any of the consoles but apparently "sticking a card in a slot is haaaard". I should know as IDK how many times I've been paid to literally do just that, take some office box they have and stuff a card into it.

    But thanks to actual competition PC gamers have never had it so good, you have Steam and Epic and Origin and GOG and Humble Bundles and a bazillion other outlets so PC game prices drop like a stone compared to their console counterparts and unlike consoles PC games can be played online for free for decades (hell I can fire up Team Fortress Classic or AVP 2K and be playing a match in seconds and thanks to GOG Galaxy playing old games online has never been simpler) but sadly society has dumbed down to the point anything more complex than "stick disc in slot" is beyond a huge chunk of our population.

    --
    ACs don't waste your time replying, your posts are never seen by me.
  57. Re:Bricks and Mortar Game Shops Would Sell More Go by hairyfeet · · Score: 1

    Actually the only reason I bought it (along with several other trashy titles) was they had a big tub in the middle of the store piled high with cheapo PC titles. This is a concept IDK why online retailers don't do, make a big bright "bargain bin" where they can just dump all kinds of titles for you to root through.

    Sure Steam has a below $5 section but its hidden at the bottom and is filled with DLC to titles you don't own so completely pointless and a PITA whereas store like Wally World learned ages ago big fat bargain bins keep people in their store and while they are there you have a better chance of selling them other merch. If the online stores offered a more enjoyable bargain bin along with Humble Bundle type deals where you can get multiple titles for one price? I'd be a lot more likely to shop there, as it is now I rarely shop most online shops except to buy a single title I already want and that is it, no extras.

    --
    ACs don't waste your time replying, your posts are never seen by me.
  58. Drive 27 percent? Fucking idiots. by Anonymous Coward · · Score: 0

    This is really beyond belief - Americans are without doubt the most stupid, illiterate people on Earth. And Climatedot - sorry - 'Slashdot' - proves it on a daily basis.

  59. Re:Bricks and Mortar Game Shops Would Sell More Go by KingMotley · · Score: 1

    First, let me say that I actually like Steam, and the only games I have that aren't purchased there are because the game isn't offered for sale on Steam, but on some companies own private Steam-like service (origin, u-play, epic, etc).

    That said...If you think there is more competition for purchasing games for the PC than there was before, you need to take your blinders off. For example, you can ONLY buy most EA games on origin, period. A few more are only available on epic. A few more are only available on u-play. That's not competition. Not like being able to buy your game from Amazon, Target, Walmart, GameStop, or 50 other stores.

    Personally, I find the convenience of having my steam library available to me at all times far outweighs the benefits of the physical media. I like being able to uninstall a game to free up space, then 6 months later being able to reinstall it for a quick game or two without having to try and find the physical media and hope it's still readable. Or find an external bluray/dvd player to hook up so I can reinstall it since my PC doesn't have one built-in.

  60. Re:Bricks and Mortar Game Shops Would Sell More Go by G00F · · Score: 1

    See I'm the opposite. I find steam to be nothing but a huge pain in the ass. It's required internet, and having to log in, and when I want to play it denies me because it's updating. Or it's down for maintenance!

    It's also terrible for LAN parties, or just friends coming over to hang and game. Sit down, enter name, and then play. I own most of my games, the ones that are steam are made to not use steam, and on launch ask for users name

    With steam, each and every PC I own has to have a separate steam account, and use what ever name is associated with it. And each one need not purchase a copy of game even if it wont be used. Who wants to maintain multiple steam accounts!?

    Doesn't work for my kids either.

    It also doesn't work with how I admin my boxes, where on reinstall I copy over 100's of gigs of games that don't need to be re-installed. Only need the DX, MS VC++ redistributes and done. It would take 100's of hours to install.

    It breaks my rules,
    1. Nothing runs in background when not playing the game. (no chat, updating, or anticheat)
    2. When I want to play it, nothing will block me.
    3. It doesn't require internet unless I'm playing with people across the internet.
    4. I can play game without having to install it after reinstalling OS, etc.
    5. I can specify where it installed and it doesnt hide files(like save games not in my documents/my games)

    --
    The spirit of resistance to government is so valuable on certain occasions that I wish it to be always kept alive
  61. A fair offer by ElizabethGreene · · Score: 1

    It's Gamestop. They'll buy an Xbox One and a bunch of games for under $50. $300 for the company seems fair.

  62. Re:Bricks and Mortar Game Shops Would Sell More Go by KingMotley · · Score: 1

    Different priorities for different people.

    I'm not sure on the multiple steam accounts thing. I only game on 1 PC that is built for gaming.

    As for the most of your rules, as far as I can see, steam doesn't break most of them. You can move games from one machine to another without reinstalling them, I've done it many times.

    1. Nothing runs in the background when not playing the game. True, but half the time I have voice chats open while playing games, so I don't see much point in this and haven't cared in 10 years. The background processes are so minor it doesn't matter to me.
    2. I don't think I've ever been blocked by steam from playing any of my games. Of course, this is just my experience, yours might be different.
    3. Doesn't require internet. Steam doesn't require internet either. You can play in offline mode, but you need to periodically go back online and I'm not sure what the frequency is... a week I thought. Not a concern for me since I always play online anyhow, and I have my games set to auto-update automatically and limit it's bandwidth usage so no one in the house can even tell when it's updating.
    4. I can play a game without having to install it after reinstalling OS. You don't have to reinstall steam games either. It's pretty simple to move them to another machine (or drive).
    5. I can specify where it is installed and it doesn't hide files. You can specify where the games are installed, I typically choose C:\games, but they are then put into c:\games\steam\steamapps\common and all the games I install are there, unless I had a second drive, and then you can choose to install some of them there as well. I've done that in the past when I had a small OS drive and a large spinny disk. Now I just keep everything on my 1TB SSD, and I uninstall what I don't need. If I want the game back, I click install and it'll be on my machine in less than 10 minutes (for large games). Most games download and install in a couple minutes.

    Not disagreeing with you, but my experiences are apparently very different, and my needs/wants are very different, so steam works great for me.

  63. Re: Corrupt "capitalism" by Anonymous Coward · · Score: 0

    >racist socialist

    you moron.

  64. Re:Bricks and Mortar Game Shops Would Sell More Go by Anonymous Coward · · Score: 0

    OK, you're essentially saying "Steam doesn't break your rules because those rules aren't important to me."

    Think about that.

    It's valid to say "In practice, none of those things have been a bother for me" (and that's useful information), but it's utter shite to say things like "Steam doesn't require internet" (wtf?).

  65. Re:Bricks and Mortar Game Shops Would Sell More Go by G00F · · Score: 1

    2. Steam blocked me all the time via forced upgrading when I go to play it. The way around this is to have steam running all the time and auto updating....

    3. To install the games, to which I have a cd/dvd, required internet. Each time I tried to play the game, it required steam running and for me to log in. I never saw a way around that through the interface. Maybe if I disabled my network? easier to avoid steam or just use cracks.

    4. on new system, I had to re-install steam, told it of the game location and what not, and it re-installed the over 5g game. So yea, couldn't play that day.

    5. it hides saved files under hidden system folders under your profile Roaming or some such. So backing up your stuff and reinstalling OS, that stuff gets left behind.

    My uses are way different than yours. I prefer to play games with friends while gaming out with them. I also have kids that I play games with.

    Think of this, lets say I have my steam account, set to auto login for all my machines, but my kids use those machines, wouldn't they have access to do more than just play the games, like buy games? also my password is now for them to find.

    --
    The spirit of resistance to government is so valuable on certain occasions that I wish it to be always kept alive
  66. Re:Bricks and Mortar Game Shops Would Sell More Go by KingMotley · · Score: 1

    2. Yeah, that is probably why I never get blocked since I always have it running on my gaming machine and set to auto update.

    3. If you are installing a game from CD/DVD, then you don't need internet (not sure why you are using steam for this except for maybe a consistent interface?). You install as normal, then you can add a shortcut to the game in steam so that it shows up in your library. I had notepad set up as a "game" at one time this way. As for "offline" mode, it's the first menu option "Steam", and the second option under that "Go offline...".

    4. Not sure why this happened to you, as I've moved steam libraries many, many times and they were 500GB+, and I would have noticed it redownloading them.

    5. Yeah, depending on the game, it might put your saved files there, but that is game dependent, just like the non-steam versions. I always back up my profile anyhow though. I like having my photos, shortcuts, favorates, etc moved with me to a new machine. Not that many would, but you can also have your profile roam with you (not really easy to set up, but doable), so that every machine you have then has your saved games, so you can play the game on any machine you want. Again, sort of neat.

    Yes, your use cases are much different. About 20% of my gaming time is with others, and they are remote from me. I have a group of friends I've been playing with for 15+ years, and not a single one of us still lives in the same state anymore.

    As for your kids being able to play on steam, yes, if they use the same windows login as you, then they could access your games. Still couldn't buy games though, as that would require your credit card info or paypal password to actually buy it. Although, not so sure on the in-game stuff as I don't have any games with in-game purchases. It's usually a DLC/Add-on, that that is actually done outside of the game itself, so you can't buy anything without your credit card information or paypal password. Unless you save your credit card info in steam, and even then they need to know your CVV I believe.