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PS5 game prices may be higher according to PlayStation CEO

PlayStation CEO: PS5 game prices may be higher than PlayStation 4 games - PlayStation 5

PS5 game prices may be higher than the ones we buy right now

PlayStation CEO Jim Ryan gave a new interview and talked how the coronavirus pandemic affected their business. And it is not the only one affecting Sony right now, as the company announced today that their event on June 4 is postponed due to the Black Lives Matter events in the US.

Ryan also made it clear that game prices for the new Sony console – PS5– could be more expensive than the recent ones.

Ryan said “I think, to the extent that the technology enables the graphics side of it to become more interesting and life-like, [the games] will become slightly more human intensive and capital intensive to produce. So yes, we think there probably will be an increase in development budgets. We don’t see it as being a massive increase, and that’s why we want to do more faster than we have ever done before, to provide a fertile install base for people who make games to be able to monetise against. If we can keep pace with a likely increase in development costs, then the industry can continue to prosper.”

Right now, the PlayStation 4 game prices are at the $60 level for some time now, so the developers are using other monetization techniques, such as loot boxes or microtransactions. It is also possible to buy season pass or battle pass for some games, that includes DLC into a single package.

Ryan explains why PS5 games will be more expensive

Ryan said that the technology in the PlayStation 5 allows the graphics side to become more interesting and realistic. Because of this, game development will become more time-consuming and require large budgets, although probably not too much. Ryan emphasized that the important task now is to create a large user base so that game developers can earn money from their work.

By the way, Sony started Days of Play 2020, which includes discounts for PS Now, PSN, PS4 games, gears and merchandise.