12.5 C
New York
Sunday, August 9, 2020
Home News Many Xbox Series X and PS5 games may be a bit pricier

Many Xbox Series X and PS5 games may be a bit pricier

nba-2k21-1-5v9n.jpg

Get ready for more expensive games.

What you need to know

  • 2K Games announced that the Xbox Series X and PS5 versions of NBA 2K21 will cost $70.
  • Per games consulting firm IDG, other publishers are exploring raising prices as well.
  • This is due to the increased cost of game development.

Today, 2K Games revealed that the Xbox Series X and PlayStation 5 versions of NBA 2K21 will cost $70, which is $10 more than the average $60 release price for the current generation of console games. It’s also increasingly unlikely that 2K Games will be the only publisher to raise prices as the next generation arrives.

Speaking with GamesIndustry.biz, games research firm IDG Consulting explained that the price of making games has only gone up, with development costs rising anywhere from 200% to 300%. Meanwhile, game prices have not risen since the release of the Xbox 360 and PS3 in 2005 and 2006 respectively, which saw new game releases go from an average of $50 to $60.

IDG explains its sources indicate many game publishers are considering this price hike and that while a $10 increase in pricing doesn’t completely cover these increased game development costs, it does “…move it more in the proper direction.” IDG also noted that while not every game warrants a price raise, “flagship AAAs” will be the most likely to see the new $70 baseline price.

With game costs rising, it’ll be interesting to see how subscription services like Xbox Game Pass and PlayStation now are affected. The Xbox Series X and PS5 are both scheduled to release in Holiday 2020.

Related: With next-gen Xbox Series X and PS5 games at $70, Xbox Game Pass becomes even more valuable

Stream your games

PlayStation Now (12 Month Subscription)

playstation-now.jpg?itok=mzEzITsg

$60 at Best Buy
$60 at Amazon

Gaming where you want.

PlayStation Now allows users to stream 800 different games to their PlayStation 4 or PC, a good portion of which can be downloaded directly to your console. With an ever-growing library, it’s a great option if you don’t want to purchase a bunch of games.

PlayStation 5

ps5-all-digital-edition.jpg

  • PlayStation 5: Everything we know so far
  • PS5 vs. Xbox Series X: How they compare
  • PS5 Specs: What’s in the next-gen PlayStation
  • Will PS4 games work on the PlayStation 5?

Latest

Will Samsung Galaxy Watch Active 2 watch bands work on the Galaxy Watch 3?

Best answer: Yes, but only on the 41mm Galaxy Watch 3. Since the Galaxy Watch Active 2 used 20mm, and

Qualcomm now wants to sell processors to Huawei after HiSilicon loss

Qualcomm says that U.S. based companies would lose their dominance in the 5G market If Huawei switches to Samsung's Exynos

From the Editor’s Desk: Navigating the Chromebook crunch of 2020

Does every Chromebook seem to go out of stock the second you look at it? You are not alone.I'm an

Best Ethernet adapters for your Chromecast or Fire TV Stick

Two of the most popular streaming stick options are the Google Chromecast and the Amazon Fire TV Stick, both of