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
TheStreet Open House

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.

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs