Microsoft comes to GameStop's rescue
3,683Microsoft has signed a unique deal with GameStop that will allow them to take a lifetime cut of digital game sales purchased from future Xbox’s that they sell in stores. GameStop’s market value has been floundering for the past couple of years and covid has certainly made matters worse for everyone’s ‘favorite’ retail video game store. However, this deal might be the start of something entirely new if Sony decides to sign a similar contract for the PS5. All things considered, this might be the big break GameStop has needed for a while to establish a more forward-looking revenue stream instead of relying solely on used games or game adjacent merchandise. Will it be enough to pull GameStop through another couple of years? We don’t know, but we are definitely going to talk about it on today’s episode of Inside Gaming Daily!
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SOURCES
[GameStop] GameStop Announces Multi-year Strategic Partnership with Microsoft https://bit.ly/37aktfO
[Ars Technica] Microsoft will give GameStop a share of Xbox’s digital revenues https://bit.ly/3nXBIXB
[Google Finance] GameStop Corp. https://bit.ly/3m5QF8v
[The Motley Fool] Why GameStop Stock Popped 13% Thursday https://bit.ly/355GDwV
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