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Connecticut School Shooting: Gaming won't be injured by fallout, says Creutz

One industry analyst has said the gaming industry's sales and performance will not be damaged as a result of the fallout from the tragedy last week.

Gaming seems to have precedent on its side.
ign.com

According to a report from GameSpot today, Cowen & Company analyst Doug Creutz said their company has received a lot of inquiries from investors as to how the events of last week will impact the businesses of gaming.

"We have received many questions from investors about the potential impact of the recent tragedy in Newtown on our covered universe of video game publisher stocks.

"While this is a difficult issue to address due to the intense emotions surrounding the incident, we have attempted to present a summary of the relevant facts herein," Creutz said.

Creutz said it would be difficult for any court to pass regulations censoring certain types of content or anything related to that because of the precedent that has already been set.

"We believe that any new attempts to regulate video game sales would be quickly struck down by the courts based on this precedent.

"While these concerns are understandable–particularly given the currently emotionally charged environment–we think video game shares are now pricing in much more risk to their business models than actually exists.

"As a result, we think the group now generally represents a buying opportunity ahead of what should be a strong year for the industry in 2013 due to a loaded first half release slate and the likely launch of new Microsoft and Sony game consoles in the back half of the year," Creutz said.

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