Sony pre-owned games block patent sees GameStop stock drop

GameStop's stock has taken a hit following news that Sony has filed a patent for technology that could block pre-owned videogames

Gaming retailer GameStop has seen six per cent wiped off its share price after news emerged yesterday that Sony has filed a patent for technology capable of blocking pre-owned games.

The technology, which 'tags' games with data about whether they've been played on multiple machines or ties them to different user accounts, could potentially be used to block console owners from playing second-hand games. While the patent doesn't specifically name any plans for any device, it is possible it could be used in Sony's next generation PS4.

Following news of the patent, GameStop shares were sold off, causing the retail chain's stock price to plummet by $1.57 to $24.09.

Gaming industry analysts, however, have moved to counsel against overreaction to Sony's patent filing. Wedbush Morgan analyst Michael Pachter said in a note to investors that he felt the reaction was overblown.

"Sony would be materially hurt if its console blocked used games and competitor consoles from Microsoft and Nintendo did not," Pachter wrote in his note.

 

 

 

 

Comments

Be the first to comment…

Back to top
Close
T3 Newsletter
Sign up to recieve the T3 newsletters by entering your details below

Your Details

As you're registering with us. we'd like to think that you'd enjoy receiving the following emails; if you'd rather not receive them, please untick the boxes:

I would like to receive other emails from T3, Future Publishing Limited and it's group companies containing news, special offers and product information
I agree to the terms of use and privacy policy and confirm that I am over 16 years of age *
Close
Log in or Join

By clicking below you agree to our terms and conditions and our privacy policy

Log in to T3.com with your preferred social network

Log in with your T3.com account

CloseJoinPlease complete these additional details

Join T3.com with your preferred social network

OR

Join T3.com

Please tick this box to confirm you are 16 years old or over

Just so we know you're human

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Close Edit your profile

Change your password

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Social networks

You have authorised these social networks to interact with your T3.com account.

Please ensure you deactivate or revoke access to this website from within your social networks settings to ensure all permissions are removed.

Close Forgotten your password

Forgotten your password?

Please enter the email address that you used to sign up and we'll send you a new password

Close
Forgotten password
Don't have a T3 Account? Join now