News, PS Vita, PS3, PS4

Pachter: “Sony Is Not Big Enough” to Afford Paying Publishers for PlayStation Now like Netflix Does

by on February 9, 2014 4:04 PM 108

Wedbush Securities analyst Michael Pachter is known to be very vocal in his judgment of the initiatives of console manufacturers, and according to him Sony simply isn’t big enough to foot the bill that would entice publishers to put their content on the upcoming PlayStation Now streaming service, as he told on the Bonus Round webcast.

The math doesn’t make sense for the content owners. If the math doesn’t make sense for the content owners, it isn’t gonna happen.

So The lower the subscrition price, the less likely this thing will work. If it’s a thirty dollars subscription price, which the publishers will embrace, then no one’s gonna sign up.

I don’t think you could make it work. Netflix is the anomaly.The low price subscription plan with tons and tons of content… They did a bunch of really clever deals early on to make that happen, and then they got big enough that they can afford to pay.

Sony’s not big enough to afford to pay that kind of dollars. They don’t have that much money.

As usual, I have my reasonable doubts on the assessment: while it’s true that Pachter knows the industry better than many, Sony doesn’t seem to be exactly struggling for money lately, especially considering the recent acquisition of one of the most advanced semiconductors plants in Japan, and the fact that the corporation doesn’t seem to be too scared about investing a whole load of cash on expanding its production.

I might be wrong of course, and as usual we’re going to wait and see what will happen when the service will launch this summer.

Join the Discussion

  • delsin row

    blah blah blah.he jus say bullshit.its” his job by the way

  • The Muffin Man

    Giuseppe Nelva are you the only one that contributes to DualShockers? You publish almost every article on this site.

    • delsin row

      you mean news? yes.he is a lovely person.i really like his infamous news very much.
      well done buddy

      • Giuseppe Nelva

        Haha, thanks. I don’t think anyone ever called me “lovely” before, I’m a grumpy bastard :D

        • delsin row

          i like you character :D Haha. :D

        • DarthDiggler

          I have grown to love the word cantankerous. :)

    • Giuseppe Nelva

      I’m the News Editor, so News are my main responsibility :D Other than that, we have plenty other writers.

      • The Muffin Man

        Thanks for clarifying.

      • DarthDiggler

        @giuseppenelva:disqus

        You need to crack the whip on their lazy asses. LOL

        See you need to have the “do you want to be a contributor in title or a contributor in practice?” talk with them. :)

  • Erimgard

    Sony spends a lot of money, but that doesn’t mean they have money ‘to spend.’

    They’re projected to lose $1 billion this year, and they’re firing 5,000 people. Their stock has been downgraded to ‘junk’ status, and despite PS4′s success, they’ve been steadily downtrending in stock value since June.

    That said, I’m not sure Pachter’s analysis is exactly relevant. I don’t know that Sony intends to offer brand new PS4 games hot off the press on PlayStation Now. That’s where they’d have to shell out the big bucks.

    • Giuseppe Nelva

      Posting losses doesn’t mean not having money to spend. Sony’s assets are about 151 trillions.

      Finance isn’t as easy as just reading a company’s annual forecasts.

      • Hates bad writers.

        “151 trillions”, I don’t know where you get your information but that is flat out wrong. They sell of, and lay off people regularly, they hardly have any value left in tangible assets.

        • DarthDiggler

          @hatesbadwriters:disqus
          You should change your name to…

          Hates sound thinking

          • Hates bad writers.

            The fact that you took the time to reply 4 times in seconds, all to bitch about numbers you can research, with the audacity to come in “objective” and talk about opinions whilst being a Sony poster boy is rather ironic. Take a hike, there’s people here with ideas that to add to the conversation, instead of taking away.

          • DarthDiggler

            @hatesbadwriters:disqus
            Who is the one saying that they have a better idea of how all this works than Sony?

            You are making wild claims about Sony, PS Now and the internet in general — SO WHERE IS YOUR RESEARCH?

            Everything you have said has been your opinion just positioned as fact, which is why you don’t really have any data to cite.

      • Erimgard

        No, it’s not that simple. But Sony has recorded a fiscal loss four times in the past five years. The only time that they did not was last fiscal year, and they only managed a profit because they sold off a $1 billion skyscraper (their US headquarter building) and moved into smaller buildings right at the end of the year so they could officially put a profit in the books.

        Sony has been struggling financially for years, and all those ‘assets’ don’t do them much good if they’re losing money. Their TV division has lost money 9 years in a row now. Their PC division was doing so poorly that they just sold it off (and that sale was not enough to help them make a profit this year, as they’re still $1 billion in the red)

        Their PlayStation division is just finally starting to turn a profit again (it was profitable during PS1/PS2, but PS3 almost bled them dry) so they can’t afford to shell out big bucks there right now. If they start handing out huge contracts up front for PlayStation Now in hopes of making it all back 2-3 years down the road, they have no safety net. They can’t borrow money from their other divisions, because their other divisions are all losing money. They can sell off their other divisions (and like I said, they’ve already started doing that with their PC division), but that’s not a cash cow. They’re struggling divisions, and people aren’t going to pay top dollar to buy out a struggling business. They’re going to buy it on the cheap and hope to turn it around for a profit.

        Sony’s finally starting to turn things around in their gaming division after some rough fiscal losses caused by PS3. They can’t afford to compromise that by going back into debt on the PlayStation brand again.

        • hakesterman_the_Fool

          You sure do talk a lot, xbot.

          • Erimgard

            I’ve never owned an Xbox product in my life. I have a PlayStation 3 and a Wii U.

          • hakesterman_the_Fool

            Then you should be more respectful of the Playstation brand.

          • Erimgard

            Did you read what I wrote? I specifically said the PlayStation brand is the best (financially speaking) part of Sony right now, but that it can’t afford to borrow a lot of money because Sony’s other branches are failing.

          • Redinferno124

            They’re struggling, but saying they are outright failing makes no sense as the PS brand alone isn’t enough to keep them afloat. They need to be making money from somewhere else in order to fund their gaming division.

          • Erimgard

            Not really. A good division funds itself. PS1 and PS2 were both profitable by themselves. I’m sure PS1 probably had a little startup money, but it made that back very quickly. PS2 was entirely self-sustaining. It wasn’t until PS3 that the PS brand couldn’t support itself.

            With strong enough software sales PS4 should be able to sustain itself, but if they want to get brand new third party games on PS Now, that’s when they’d probably have to borrow money from other divisions, and right now, their other divisions simply don’t realistically have money to spare.

          • kevin

            Do explain how does one respect plastic or brand . Just curious

          • DarthDiggler

            @disqus_idcfkwfcnJ:disqus

            You build a shrine after you come home with your PS4 Bunderoo. :)

          • DarthDiggler

            @disqus_xFFtbIDCvt:disqus
            LOL you should have an IQ higher than a House Plant to comment on the internet but if that was a rule we would have a lot less conversation on the internet. :)

            I say this as a PlayStation fan, that respects the brand enough to make sure I say PlayStation and not Playstation (the capital S matters).

          • DarthDiggler

            @disqus_xFFtbIDCvt:disqus
            What exactly did this guy say to make you think he was a clear cut Xbox fan?

        • Virdin Barzey

          I do Finance for a living and it clear that these folks on this site have no clue…including the writer of this article. As much as folks criticize Pach, he wouldn’t have a job if he was as bad as many of you make him out to be. Would I trust clowns coming on a site speaking out of one side of their mouth knowing little about finance or a guy who is responsible for making investors millions? Guess the investors are dopey and don’t mind losing money since Pach has no idea what he is talking about. Genius.

          Lets see Sony has failed in the PC market, failed in the phone market, failed in the TV market and laying off thousands. Losing money in every division except Playstation yet many of you believe they have tons of money. You can’t make this stuff up. Okay. My bad you guys are right. They have tons of assets. LOL

          • Redinferno124

            Look Sony isn’t going away anytime soon, and neither is MS. when people like yourselves stop trying to find writing between the lines that isn’t there, the sooner we can start enjoying these new systems and games.

            I will agree that that number 151 trillion did sound ridiculous, but to say the aren’t turning things around is just foolish.

            If Sony was really in deep trouble financially, I’m pretty sure they wouldn’t be talking so much about their plans for the future so much. Not really the talk of a doomed company. The talk of a company in a rocky period of transition? Very much so.

          • Erimgard

            What exactly are they supposed to talk about then? Does any financially-troubled company call a press conference and say “We’re in trouble” ?

            No. They say “Here are our plans for the future.”

          • Redinferno124

            What do you call what Nintendo has been doing?

            My point is Sony and Microsoft have an idea of where they want to be 10 years from now.

            Yes Sony has been losing money on many of their divisions like TVs, but they are finally doing better, do in part to PS4.

            No company has ever gone through a major transition and not lose money. This is true for MS and every other major corporation in existence.

          • Virdin Barzey

            Funny, who said Sony was going anywhere anytime soon. You folks like to read into things and come up with asinine assumption. Who said they ain’t turning things around? You must be reading another post because that’s the real foolish response. Might want to read the topic/article again, seem to be missing the point.

          • http://www.Kwamejoseph.com/ ProPaperPusher

            To play devil’s advocate, Forbes, IBT, The Motley Fool, Financial times, Google finance, Yahoo finance and etc are not reporting or linking articles about the impending doom of Sony.

            I see more articles on mainstream financial media outlets speculating about the future of Nintendo considering big N’s hefty war chest.

            Sony is restructuring and have losses. But they are not going anywhere.

            Sony Financial Snap shot by headlines
            Link: http://finance.yahoo.com/q?s=SNE

            Nintendo Financial Snap Shot by headlines
            Link: http://finance.yahoo.com/q;_ylt=AgvggK8kcQwdmKkQcTg7VgnxVax_;_ylu=X3oDMTFiMzZyZ3E5BHBvcwMxMgRzZWMDeWZpU3ltYm9sTG9va3VwUmVzdWx0cwRzbGsDbnRkb3k-?s=NTDOY

            Don’t see why Playstation Now can’t work considering Sony is a major entertainment company with a very positive tract record within the that industry.

          • Erimgard

            I think PlayStation Now can work just fine with titles from last generation. I just think it’s probably too expensive right now for Sony to try to get the rights to brand new current gen (meaning PS4) games for streaming.

            Let’s say Capcom eventually comes out with Resident Evil 7, and Sony wants to have it on PlayStation Now at launch or shortly after. Capcom’s gonna estimate “this is how many in-store sales we’ll lose if we put it on PS Now for streaming,” and Sony will have to foot that bill (and probably a little extra on top of that) to get the rights. However, Resident Evil 6 would be cheap to put on PS Now, because that’s been out for years, so that’s not going to lose them any in-store sales. If anything it’ll just hurt the used games market.

            So I see PlayStation now as being very successful at acquiring a library of older, cheaper games and helping Sony set up a sort of rental service to compete with companies like GameStop, but in the immediate future, I don’t think it’s financially viable for them to snag every big name game that comes along. They may have their first party games like Uncharted on there, but big third party games would be extremely expensive.

          • Geoffrey Davey

            You realize that PSNow is intended for older games, right? It won’t feature PS4 games at all. After this year, those big 3rd party AA games you speak of will be almost exclusively for next-gen systems. Think of this more like Nintendo’s virtual console… with subscription pricing.

          • http://www.Kwamejoseph.com/ ProPaperPusher

            The headlines weaves a different story. I see more positive news about Sony versus Nintendo about each’s impending doom and Nintendo have a great war chest.

            Sony: http://finance.yahoo.com/q?s=SNE

            Nintendo: http://finance.yahoo.com/q?s=NTDOY

          • DarthDiggler

            @virdinbarzey:disqus
            Exactly which discipline of finance are you in? Your small amount of words certainly didn’t showcase a large expertise on the issue. Can you offer your professional opinions as to why you feel a certain way or are you just here to make a bunch of proclamations and take up for Pachter because he agrees with you this time?

    • Jewy McJew

      It’s true, Sony is drowning in debt. But financials are a lagging indicator. Sony’s PS4 efforts will generate growing revenues for years to come and hopefully revitalize their brand.

      Sony has momentum.

      • Erimgard

        It’s definitely breathing some fresh air into their games division.

      • Bankai

        They’re doing very well right now, so that debt must be extremely shallow.

      • DarthDiggler

        You are correct and momentum isn’t something you can just create out of thin air.

    • DarthDiggler

      @Erimgard:disqus

      Your attempts to make yourself look unbiased (by showing you understand that Sony isn’t doing great financially) was likely met with negative votes from some gamers. LOL

      I see what you were trying to do though and high five for at least trying. :) May have gone over some people’s heads though.

  • Axe99

    I’m not sure Pachter’s doing the math right here, and his past comments on PS Now have exhibited a poor understanding of the service (for example, he was saying that you wouldn’t have new titles on there, when it’s intended, at least at the start, to be a place to find older games!) At the end of the day, the marginal cost of getting the titles on Now is likely to be very low, and it’s unlikely to significantly cannibalise sales of older games – so at the end of the day, it should provide a positive return to publishers. Sony have already got a proven track record of engaging publishers in subscription plans through PS+, and will have been using those links to discuss PS Now, so I doubt they’re going into this cold (ie, like the hardware of the PS4, they’ll have talked with publishers about what form PS Now should be in to work for them).

    • Terramax

      Fully agreed. What’s more, I don’t think publishers are likely to expect high returns on re-releasing old video games anyhow. How many publishers on Steam are hacked off that their old titles are going for $2.50 in sales?

      • DarthDiggler

        @Axe99:disqus & @Terramax:disqus
        WOW 2 intelligent comments on a gaming website back to back. :)

        I couldn’t agree more, games in terms of profits do not age well, things like PS+ and PS Now could offer games another spot to go other than the bargain bin after they have been neglected.

      • matthew tripoli

        the publishers would be mad or they wouldnt put the games on sale or sell them that low.

  • ZMAN

    Many of their titles are aging quickly, and are part of a limited experience. With bandwidth and latency that experience will still be limited. So the value is not the same as on the ps4, or pc. We would probably be surprised what a publisher is willing to do on titles with diminishing returns. As for new titles, if it is priced for purchase or rental then there is no argument here. It will happen.

  • Matt Dickinson

    He just says whatever sh*t comes to mind. I’ve seen him recently say there’s nothing to watch on Netflix.

  • Hates bad writers.

    Sony’s biggest problem is America’s internet infrastructure, take their word all you want, the average connection won’t support game streaming. Data caps will completely screw it over, slowing rates will do so even more, speeds will ultimately kill it. It’s going to be an expensive feat (in terms of subscription fee) in a world where people like owning the discs, top that off with internet not supporting it so you install base has an even smaller percentage, compiled with complete losses on all games being streamed, unless each game costs a certain amount to stream it self (which also wouldn’t work). Cut your losses and put it into something like off site computing like what Respawn did with Titanfall, cloud computing simply can’t be done they way you want it to, yet, and you couldn’t afford to innovate the scene anyways. Work on your first party studios, they have a much better chance take make a profit, and a good profit at that.

    • jakdripr

      You’re not wrong, but I don’t think a company as big as sony would put this much money into something and completely overlook something as obvious as that. With that said, these are the same clowns who sold us a $600 paper weight in 06 so who knows. I definitely think it’ll have some serious growing pains, but I think with time it can grow into something special.

      • Redinferno124

        It was a paper weight I agree, but they proved its worth eventually.

        • DarthDiggler

          That paperweight went on to sell more than the X360 which was released a year earlier with a good 3 years of substantially superior ports.

      • kevin

        What’s really going to hurt those Clown as you called them is that whole Net neutrality mess , that can’t help at all.

      • Hates bad writers.

        They did it with the Cell processor, and practically every other facet of the company, weather it was failing TV’s, cell phones, laptops, or anything else, they’ve all had bad decisions, all of these have yet to bring a profit. They’ve done it once, and the math suggests this won’t work in the US. This should be a Japan only thing, their internet could easily handle it.

        • DarthDiggler

          Exactly what did they do with the Cell CPU and all other divisions of the company?

          Care to share your math on this and demonstrate to the rest of us why this won’t work?

          EDIT: When Sony announced this people were saying it wouldn’t work on today’s internet and hardware. Now that they have show it working the naysayers have moved their complaints from the internet to the business model?

      • DarthDiggler

        @jakdripr:disqus
        The guy provides little facts or evidence to back up his claims. Suggesting that the Cloud business model that Respawn is employing on Titanfall will be more profitable than PS Now seems to be a stretch at best.

    • Talidan

      I would agree, though they’re working their butts off on making it squeeze through lesser internet connections as best as possible.

      The few who have come through about their Beta experience have shown a pretty well put together service so far, obviously with hiccups, but the general attitude seems to be that it streams pretty well even with slower connections. Not in all cases, but that’s what beta is for.

      • Hates bad writers.

        The thing about betas in services like these, they’re practically lie sheets for investors. A beta for what? A couple hundred people? What happens when a bunch of people come on? The service crashes, and won’t support it, as well as the average consumer connection speed not supporting it.

        Great idea, we just ain’t there yet, maybe in another decade when we’re all rocking fiber, and internet is free.

        • Talidan

          In that case, it would be Sony’s infrastructure to worry about. I’m just responding to what you said about the internet infrastructure of the US. So far, beta testing has shown Sony is able to push the content through the net.

          We’ll just have to see if they’ve been doing what’s needed to bolster their servers in preparation for this.

          Also, as someone else mentioned, the net neutrality issue might be problematic if nothing gets fixed. If cable companies are out for blood with Netflix, imagine how they’d be with PS Now…

          • Hates bad writers.

            Net neutrality, crappy US infrastructure, and crappy infrastructure on Sony’s side (the PSN). It just won’t work, and a beta proves nothing. A decent example would be BF4, the BF4 beta didn’t crash, the game now can’t see to do anything but.

          • DarthDiggler

            @hatesbadwriters:disqus

            You know bad writing can include a lack of research and stating your own opinions as facts. Most of what you have said in these comments are just your opinion without a hint of data that suggests you have done any research.

            You are just tossing a bunch of buzzwords in here and not really offering any expertise.

        • DarthDiggler

          @hatesbadwriters:disqus
          Do you sit at your computer with a scepter when you bark out these proclamations?

          You seem a lot more interested in making presumptions about data than you do about researching for the facts.

          Is Sony gathering funding for PS Now? How exactly is PS Now’s beta program a lie sheet for investors? Did MS have any cloud beta programs? Would you have considered them lie-sheets for investors?

          You have no idea how many beta testers that are testing the PS Now service. You have no idea how reliable the service is. You are generating straw man arguments when you say stuff like…

          “What happens when a bunch of people come on? The service crashes, and won’t support it, as well as the average consumer connection speed not supporting it.”

          This is all 100% your assumption. You have no evidence to cite here.

          • DarthDiggler

            @hatesbadwriters:disqus

            How about here?

    • DarthDiggler

      @hatesbadwriters:disqus Ironic name for someone who doesn’t believe in using any paragraph structures. :)

      You using a very wide brush to paint here. Let me discuss what you have stated a line item at a time.

      Sony’s biggest problem is America’s internet infrastructure, take their word all you want, the average connection won’t support game streaming.

      Has Sony stated they expect PlayStation Now to be ubiquitous on launch?

      How do you define average connection?

      The truth is there are more than enough people in the urban regions of the United States to generate an audience for this service (approximately 24 million people live in the NY Metro Region alone). The fact is that you don’t need to live within a few miles of an urban region to find internet that would meet the standards of PS Now. PlayStation Now targets speeds that do not require Fiber Optic.

      Likely some games will work better than others with PS Now and the experience will vary, but as the service rolls out, if there are areas that have increased demand, Sony can meet that demand with new or reallocated hardware.

      Data caps will completely screw it over, slowing rates will do so even more, speeds will ultimately kill it.

      Who is hitting data caps doing online gaming? Unless you are a Gold Farming Sweat Shop trying to distribute a “home” internet connection over a few dozen users, I highly doubt you are going to hit any caps with your ISP via online gaming. I have been gaming online for years, I have yet to hear anyone who uses their connection to game hitting any caps.

      On the other hand, torrent power users have issues with internet caps. Good for ISP’s regulating their business that way. If your activities require a robust connection you should pay for it. The reason we home users do not pay as much as business usually is because the ISPs are not expecting a level of use from a home user as they would a corporation.

      It’s going to be an expensive feat (in terms of subscription fee)

      Care to elaborate on this? You seem to just claim the subscription will be high without really citing any contributing factors to that high price.

      in a world where people like owning the discs,

      How many discs do you own for your smart phone games? How many Music CDs do you own? I won’t debate there is a market for physical discs, but that does nothing to exclude the digital market. People’s buying habits change especially over generational shifts. I like owning discs too, but I do own plenty of digital content. In the world you describe I am an anomaly that doesn’t exist. :)

      top that off with internet not supporting it so you install base has an even smaller percentage,

      How is the internet not supporting PS Now? Do you mean the internet users will not use the service? Do you mean that ISPs find PS Now out of sync with their business models?

      Are you talking about streaming in general? The internet has been streaming for years now, this tech isn’t that new but now bandwidth has really opened up a greater range of possibilities.

      compiled with complete losses on all games being streamed, unless each game costs a certain amount to stream it self (which also wouldn’t work).

      How do you know what is a complete loss for PS Now and what is not? Do you have any inside information as to how Sony monetizes PS Now for 3rd parties?

      Cut your losses and put it into something like off site computing like what Respawn did with Titanfall, cloud computing simply can’t be done they way you want it to, yet, and you couldn’t afford to innovate the scene anyways. Work on your first party studios, they have a much better chance take make a profit, and a good profit at that.

      Oh I see, this was just a long troll to attempt to convince the low-information gamer to purchase XBONE. LOL Newsflash for you sir. Nothing that MS is doing with their Cloud is unique. Any of those features can be replicated for ANY platform. That is kind of the point to the Cloud. :)

      Sony’s business model has a much better chance at generating revenues than MS’s does in reference to the way they have implemented their cloud with Titanfall. Titanfall uses the cloud to Host your games and Control AI bots. Haven’t gamers had that ability with any major Shooter Game that includes Bots long before this Cloud term was even coined?

      • DarthDiggler

        @hatesbadwriters:disqus

        Where is your response to this?

  • Jewy McJew

    I don’t think Patcher is taking into account that games, unlike movies, probably earn 95% of their revenue within the first 6-12 months. Sony probably won’t have to pay much for content with such limited future earnings potential.

    As well, good games that performed poorly might become more popular as a result which can translate into higher sales of any sequels.

  • Jan Compaf

    Negative Nancy strikes again!

  • André Rocha

    What’s wrong with this guy lately? I guess not much happening on m$ side hein? That or this poor sould had little to no attention when he was a kid, trying to compensate now? What a joke.

    • ImonadrugcalledCharlieSheen

      He’s a nothing more then a cry baby firmly in Microsoft’s back pocket, all he does is spew nonsense as part of his pro Microsoft campaign agenda, the guy needs to go fall in a hole.

      • Redinferno124

        One day he’s crying about MS then it’s Sony. This guy is just abusing his position lately for media exposure, and it’s working.

        • chrisredfield31

          He cries on Microsoft but shits on Sony. It’s quite obvious where he leans.

          • DarthDiggler

            He has really seemed to have been crapping on Sony quite a bit lately. I can’t say he leans either way, perhaps he has been commissioned to apply more research to PlayStation than Xbox lately.

          • chrisredfield31

            There’s a Bonus Round a few back where he admits he bought an Xbox. His wife wouldn’t let him put it in the front room until he showed her how to Skype with it.

          • DarthDiggler

            @chrisredfield31:disqus

            Not going to damn the guy for buying XBONE. :) I’d be surprised if he didn’t have a PS4 as well as all the other consoles.

          • chrisredfield31

            For normal people, sure. But when he’s on Bonus Round week in week out trashing Playstation and PS Now it gets very suspicious what he’s trying to do.

            PS Now from the perspective of a PS fan, has been almost unanimously praised and intent to support. That = money and with the vast library of PS1,2 and 3 games, there’s no way that this is financially non-viable. 3rd parties are going to be making money on games that are dead. Pachter is wrong. End of. We’ll see when PS Now becomes a runaway hit this summer. It’ll happen, I guarantee it.

          • DarthDiggler

            @chrisredfield31:disqus

            Yeah but the guy is an analyst, one week Xbox folks will be singing his praises the next PS fans will do the same. I think that alone speaks volumes.

            It sounds like he doesn’t understand the scope of PS Now given some of what he has said. I don’t think being a sceptic of PS Now (especially given the demise of OnLive), is really all that controversial.

            I am a huge PS fan and I have my doubts about the service, but I have been impressed with the little bit I have seen thus far. I think it’s entirely premature to consider PS Now a runaway hit. Sony has a great deal of ground to cover until then.

          • chrisredfield31

            If he’s an analyst then I’m an analyst too and every market trend I’ve been able to predict has been correct unlike Pachter. Him being an analyst has nothing to do with it. He’s a casual gamer.

            Even on his linkedin profile, it says he’s best at Financial Analysis but low rated when it comes to Valuation, Financial Modeling and he’s worst at Analysis. His comments on PS Now and Sony has been towards the first two. I wouldn’t trust that guy as far as I can throw him.

          • Terramax

            I don’t think it’s as simple as that. Yes, it’s true, it will be profitable for Sony. But in order to port 3rd party games means more time and money for legal reasons and, presumably, some tweaking as well.

            Also, things are up in the air because the most important question hasn’t been confirmed yet – how much is PS Now going to cost us? We all want to play our older titles, but are we honestly willing to pay that much for games we may already own, or games that we technically don’t own, just rent?

            Also, will there honestly be that many games available on the service? I’ve a feeling we’ll be seeing mainly the most popular, 1st party games, whilst the majority of 3rd party games, particularly the more obscure ones, will be absent. Seeing as many will be wanting this service to check out games they missed out the first time, if this is the case, it’ll be a serious handicap to PS Now.

            I’m not seen this Bonus Round show, but I think that if he’s really going out of his way to trash Sony, it’s more that he wants greater competition between the consoles rather than seeing one of them triumph over the other. After all, if one console remains a hit and the others trail behind by an obvious margin, will there be much need for his services? Console wars are good business for the likes of him I feel.

          • Terramax

            I’m siding with your opinion here. Patcher is many things, but I don’t think he’s the kind to lean on one particular console. At least not publicly. In his line of work, he has to at least appear level headed when it comes to all the console markets if people in the industry, who pay him for his advice, are to take him seriously (and keep his job).

            I think he’s been very outspoken and cynical of all 3 companies. Sure, some more than others, but just because he’s less cynical with one of the big 3, doesn’t necessarily mean he prefers that company.

            And even though I can’t fully agree with his argument here, he does raise some important points (which have already been raised elsewhere on the net I’ll add). Whilst PS Now will be profitable for Sony, it remains to be seen whether it’s profitable enough for 3rd party publishers to be worth their time and money in releasing older titles all over again.

            We’ve already seen that there are plenty of PS1 titles that have not made the transition to PSN for various reasons. There’s nothing to suggest things will change when it comes to bringing 3rd party PS2 and PS3 games to PS Now.

  • TDR25_Forever

    This guy certainly makes a lot of assumptions doesn’t he? A lot of very inaccurate ones at that.

  • NeoTechni

    Has he not heard of PS+?

  • ImonadrugcalledCharlieSheen

    Maybe if we stopped quoting this a-hole he would just fade away.

    • Michael W

      He makes more money for people in a week than everyone on this site, and the site its self will make in a life time… People find him not the other way around.

      • chrisredfield31

        With his 50% success rate LOL this hack couldn’t handle it at Wedbush so he now works for Gametrailers where he spews bullshit day in day out.

        • Michael W

          WTF are you babbaling about? I had not heard he left Webbush. Where did you makeup that story from?
          O wait its the internet your talking out of your ass again.

          • DarthDiggler

            Wikipedia it, there may be some truth to that. Doesn’t say when he specifically left, but talks about Wedbush as if it’s in the past.

          • chrisredfield31

            Hey guy with the crap grammar. I never said he left Wedbush. I’m saying that he’s doing majority of his work over on Gametrailers where he is seen week in week out spewing bullshit. Oh wait, it’s the internet, morons like you don’t know how to spell or read.

  • AttentionDeficitKing

    It would seem to me that even if Sony had problems getting a lot of third party publishers on board in the beginning (which I doubt), they should still be able to get enough to supplement titles from their first party studios for a decent launch library – and then if that’s successful and starts bringing in the monies, it’s only a matter of time before other third parties want in.

  • Redinferno124

    DOES NO ONE PAY ATTENTION ANYMORE???

    From what I gather, PS Now is designed to play older games like PS3 titles. I never once heard Sony say this would be a gamefly like service.

    Christ Patcher, one moment your bashing Sony, then your taking pot shots at MS. Seriously STOP F**KING TALKING!!!

  • Redinferno124

    Yep.

  • PatcherStation

    Got a feeling that Sony is spending money it doesn’t have. Might also be the case with Microsoft, but I know that Sony are worse off at the moment. Forget about everything else, gamers just want great games and plenty of them. Sony and Microsoft should forget about games from Roman times. And all these services, gamers have only so much money to spend. If you’ve got money to burn and you’re an online junkie, then it’ll be right up your street. Who really gives a toss about old games? The masses. What is happening at Sony? Too many big heads trying to become the next Father of PlayStation. My PS4 is gathering dust. I’m waiting for all these glorious AAA games. Sometime this year would be nice.

    • DarthDiggler

      Thief 4 comes out in days man. You been hiding under a rock? Lots of stuff coming to PS4 in 2014.

  • Jecht_Sin

    It’s all a matter of pricing, Pachter you imbecile. Publishers would get their rightful big cut on the titles sold or rented on PSN/PS Now while the subscription may include only games that are at least 3 months old, which cost nothing already in Amazon or any other internet shop. Which will make thousands of titles very easily since we are talking about PS3 games, won’t it?

  • JerkDaNERD7

    Do I sense that Sony is going to merge with Nintendo?! If anything it’s what close organisms do.

  • megablast16

    I remember Pachter saying a while back, before the new consoles had even been revealed, that Microsoft had already won the next gen console race no matter what Sony did. He talks a lot but it’s usually rubbish.

    • DarthDiggler

      @megablast16:disqus

      Got a link for that?

      • DarthDiggler

        LOL who is the ass-hat doing the blanket down voting? LOL Perhaps someone who is banned from this site? :)

        • chrisredfield31

          People from N4G who are pachter fanboys. They are blind fanboys who have crap spelling, grammar, can’t form a cohesive sentence yet b/c pacher is a MS fanboy they go defend him everywhere he is mentioned.

  • PatcherStation

    If people want to waste their lives playing games from years ago, put it in with PSN+ and XBL Gold. Okay, there’s the odd HD remake here and there, but if you want to play old games, buy the consoles (or keep them). I suppose you can’t fix the fact that old games look crap on LCD/LED TVs, plus there’s no bug fixes, but surely most gamers out there have moved on. PSN, then PSN+ and soon PS Now, it’s gone to Sony’s head. Sony should do away with PSN+ and go with PSN, forcing a £40 fee every year. But there needs to be a lot more thrown in. Microsoft should also do the same. If people want to stream movies, leave that to Lovefilm etc. Using a console for TV, I’d rather have a separate box. Over the last few years, gaming has gone crazy. I agree, I can’t see PS Now taking off. Too many services, not enough money. Buy a console, a few games to start you off, PSN+, internet connection, line rental, DLC, streaming movies. Most gamers don’t have a money tree in their garden.

  • ASSASSYN

    It sounds like patcher is alluding to the fact Sony is in financial trouble. Sony is selling it’s PC Division http://techcrunch.com/2014/02/06/sony-vaio-sale/ along with the jobs of 5,000 employees, and it has sold multiple properties to generate income it did not make year over year due to competition and poor sales. And playstation division is no where near big enough to float the entire Sony boat no matter how faithful Sony kids are. http://www.macroaxis.com/invest/ratio/SNE–Probability-Of-Bankruptcy

  • dirkradke

    Based on what “we know” right now I think Pachter has a point. Sony is telling us “this is the way it is supposed to work” when we need more details. It could come to a point where even if it becomes logical and doable for Sony no one will care because we will have already made up our minds that it will not work. Consumers, developers, publishers, and content creators need to believe this will work. Sony can’t do it alone. Sony is demonstrating the same mentality and mistakes over the streaming thing that Microsoft had a year ago; last February when Sony came out with the PS4 and fully fleshed out plans. Microsoft responded with the “always-on connection and DRM” without really having any idea how to message that to people. I suspect it was worse in some ways and not as big a deal in others than it could be. Not sure it would have mattered, but they never really got the chance and Sony hammered them for it.

    • chrisredfield31

      no he doesn’t have a point. Didn’t read your post beyond that. Clear you don’t know what you’re talking about, might as well not read the rest of that garbage.

      • dirkradke

        You know I’m going to go all day worrying about what you think of my comments. Yes, that was sarcasm. You want him to be wrong because you feel threatened by his opinions. Granted a lot of the time he is wrong, but that doesn’t mean he doesn’t have a right to express himself just like me.

        • chrisredfield31

          I don’t feel threatened by crap. I know he’s wrong end of story.

          • dirkradke

            Whatever makes you feel better sport.

          • chrisredfield31

            I already feel good so no need to go any higher than that.

          • dirkradke

            Thank you for sharing I guess.

  • matthew tripoli

    Patcher couldn’t be more wrong, at least not when the service comes to tablets and smart phones. why would publishers not take advantage of expanding there old console games to a new market? if the lag and fee is low I see plenty of casuals joining. As for newer games , I think patcher already knows sony can strike good deals. Look at ps+. They may include additional charges if the games new releases.

  • bettergetdave

    “Sony is not big enough to afford these publisher deals like Netflix” Well how did Netflix do it then? “Well they were an anomaly and had clever deals!” My follow up question would be can you tell us more about these (bullshit) clever deals? This sounds like the kind of made up stuff people say to justify why they are about ready to charge 1/10 the price on a product than you should be paying. “Well see our product is better because we we made clever deals with our manufacture that give you a superior product at a cheaper price!” Also known as made in china to look just like the real thing!

    Is Netflix an anomaly? Possibly! Did they get to where they are through “clever” deals. No! I seriously doubt it.

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