All articles tagged with #digital gaming
Hasbro's Q2 earnings exceeded expectations, driven by record growth in 'Magic: The Gathering' and digital gaming, leading to a stock rally near a three-year high despite a slight revenue decline and a net loss due to goodwill impairment. The company provided a positive full-year outlook, with mid-single-digit revenue growth expected in 2025.
Xbox president Sarah Bond reaffirms the company's commitment to game preservation and backwards compatibility, stating that a new team is dedicated to these matters. Despite the shift towards digital gaming and the potential challenges it poses for game preservation, Xbox remains focused on maintaining the playability of older Xbox games for future generations. The company's plans for game preservation are expected to be further addressed during the annual Xbox Showcase on July 9.
Phil Spencer, CEO of Microsoft Gaming, reassures fans that Xbox is not abandoning physical media, stating that the company's strategy does not depend on a shift to all-digital. While supportive of physical media, Spencer acknowledges concerns about the future of console disc drives and their associated costs. Despite this, he emphasizes that Microsoft's strategy does not revolve around eliminating physical games. However, it's worth noting that Xbox recently confirmed the digital-only release of the highly anticipated sequel Hellblade 2.
Xbox boss Phil Spencer states that Microsoft's strategy does not rely on a shift to all-digital gaming and that the company will continue to offer games in both physical and digital formats, following the preferences of the majority of its customers.
Walmart is rumored to be discontinuing the sale of physical Xbox games in the new year, according to claims made by Limited Run Games CEO, Josh Fairhurst. This follows Best Buy's decision to phase out physical media sales. As the gaming industry increasingly shifts towards digital gaming and cloud streaming services, physical media is becoming less popular. Fairhurst predicts that Walmart and potentially other retailers will make further cuts to physical gaming sections in 2024.