This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Even Sony's Playstation Now Can't Kill Retro Video Games

PORTLAND, Ore. (TheStreet) -- In the wake of Sony's announcement of its Playstation Now game streaming service at the Consumer Electronics Show last week, this has to be the end of retro gaming as we know it, right?

No more sales for strictly-retro vendors such as Englewood, Colo.'s JJ Games. No more classic video game tournaments at Laconia, N.H.'s gaming mecca Funspot. No more cartridge swapping and tables full of bygone consoles at the Portland Retro Gaming Expo. Now that Sony's shown the way forward, all of those fading cabinets, oxidizing cartridges and scratched discs aren't necessary for enjoying vintage games anymore, right?

Not even a little. In theory, Playstation Now would take just about all of Sony's contributions to home gaming out of the equation by making games for the Playstation 1, 2, 3 and, eventually, 4 available via streaming through Sony's Playstation Vita handheld, televisions, tablets and smartphones. Sony's presentation alone was enough to make used-game retailer GameStop's share price plummet by 8.5%. While it's still a worrisome prospect for GameStop, which took in $2.4 billion in sales from used games alone last year, even that retailer doesn't seem too fazed. In fact, this was its immediate response to Sony's plan:

We are looking forward to working with them on including the new PlayStation Now service as part of our portfolio of gaming products we offer our customers.

Must Read: Underwater Homeowners Can See Sunlight in 2014

That's largely because the Playstation Now is still only a theoretical threat to GameStop and just about every other video game medium. In cold, unflinching reality, Playstation Now is just a cool idea that Sony's recent purchase of streaming company Gaikai makes possible, but hasn't made workable. As the folks at Ars Technica pointed out, Sony needed to drag a server to Las Vegas just to make its presentation work. Even at that, there were a whole lot of issues with latency -- the delay between a gamer pressing a button and that action actually occurring onscreen -- for those who were able to try Playstation Now firsthand.

Folks who own a PlayStation 4 or a Nintendo Wii U and have tried taking a Vita or a screen-enabled controller for a spin around the house may have run into similar issues, as that's basically local game streaming through your router. While services such as OnLive have tried streaming games, it's been a tough slog at best.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs