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With impact unknown, GameFly mum on PlayStation Now; GameStop share value drops

How will the PlayStation Now impact other retailers?
How will the PlayStation Now impact other retailers?
GameFly via

After Sony unveiled its new game streaming and rental service PlayStation Now during the International Consumer Electronics Show, GameFly is remaining silent on the potential impacts it may have on its own business, according to a report today from GameSpot.

A representative from GameFly told the website today that the company would remain mum on the subject until the more information about the Sony services is available.

“The PlayStation Now service is too new for us to understand potential impacts and therefore we have no comment,” the GameFly rep said.

However, share holders of another company –– GameStop –– have expressed some anxiety over the new service, as the Sony announcement sent share values sinking today, according to another GameSpot report.

Within moments of Sony Computer Entertainment president and CEO Andrew House’s keynote presentation GameStop shares dropped by more than 9 percent.

PlayStation Now offers PS3, PS4 and PS Vita users the ability to retroactively play games dating back to the original PlayStation console while also giving gamers the option of renting games on both an individual basis or on a larger subscription-type program.

You can read more specifics about PlayStation Now by clicking on this Examiner report.

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