I agree that they are in trouble without intervention. I think there is a narrow opportunity for Gamestop to reinvent itself in the face of digital-only downloads, mainly to offer alternatives to the Steam/Microsoft/etc. store monopolies or to transition to more gaming hardware and accessories. Not everyone wants to buy before trying out the latest equipment, and sometimes you just want to browse or get expertise when the tech is so expensive or confusing for first-timers. The real estate and workforce can also be valuable assets for providing a space to explore new business models such as esport cafes, VR/AR spaces, or other in-person gamer events in the US that have been successful elsewhere or by other companies.
The entire thing hinged on that nft bockchain game selling idea but that was imo a total scam and pipe dream. I have nothing against blockchain tech in general but why would a company allow games to be easily resold? There is basically no point and the tech doesn’t offer anything since it’s just going to be centralized through gamespots hands anyway.
I mean like with enough investment or strategic partnerships Gamestop can be the primary seller for a lot of games or go the streaming route but idk if it’ll work
I agree that they are in trouble without intervention. I think there is a narrow opportunity for Gamestop to reinvent itself in the face of digital-only downloads, mainly to offer alternatives to the Steam/Microsoft/etc. store monopolies or to transition to more gaming hardware and accessories. Not everyone wants to buy before trying out the latest equipment, and sometimes you just want to browse or get expertise when the tech is so expensive or confusing for first-timers. The real estate and workforce can also be valuable assets for providing a space to explore new business models such as esport cafes, VR/AR spaces, or other in-person gamer events in the US that have been successful elsewhere or by other companies.
The entire thing hinged on that nft bockchain game selling idea but that was imo a total scam and pipe dream. I have nothing against blockchain tech in general but why would a company allow games to be easily resold? There is basically no point and the tech doesn’t offer anything since it’s just going to be centralized through gamespots hands anyway.
I mean like with enough investment or strategic partnerships Gamestop can be the primary seller for a lot of games or go the streaming route but idk if it’ll work