'It's Totally, Totally Irrelevant': GameStop Boss Unfazed by Sony's Physical Discs Decision 1
Image: Gemma Smith / Push Square

GameStop’s business used to revolve around the sale of physical games, both new and used. But bizarrely that’s no longer the case, with just 18% of its revenue hinging on software from the likes of Sony et al these days.

Unsurprisingly, then, CEO Ryan Cohen is completely unfazed by PlayStation’s decision to stop manufacturing discs in January 2028 – a decision that’s attracted a more robust response from trade groups in the UK, for example.

“It doesn’t matter at all,” he told Bloomberg (paywalled). “It’s totally, totally irrelevant.”

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While you may think of GameStop as a video game retailer – the clue’s in the name – the business has pivoted in recent years to other products, like toys, collectibles, and trading cards.

To be fair, GameStop saw the writing on the wall with physical games, and that’s a big reason behind its pivot.

Regardless of your opinion on discs, US data shows revenue generated by retail releases has plunged since its peak in 2009. This is an undeniable fact.

Most recently, GameStop announced its intent to acquire eBay for $55 billion, claiming combining the two companies would create a $1 trillion business.

The auction site, unsurprisingly, rebuffed the retailer’s advances – but it doesn’t sound like Cohen has given up hope on the merger at all. Interesting times, folks.

[source bloomberg.com]