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August 20, 2008

Get Your Game On

Posted: 02:50 PM ET

This kicks off a regular series of video-blog posts about new developments in the world of video games. The posts accompany, "Get Your Game On," a weekly video-gaming segment on CNN.com.

The hugely popular game, "Madden 09."

This week, CNNMoney.com's Poppy Harlow explores how the booming video-game industry seems unaffected by the sputtering U.S. economy (watch video here). Games are still selling briskly at prices ranging from $50 to $150 - and that's not even including the consoles.

And thanks to such monster hits as "Grand Theft Auto IV," the stocks of big video-game companies are mostly performing well on the NASDAQ. Overall, gaming stocks have bounced this year, despite the overall decline for the NASDAQ and other major U.S. averages. Maybe something for investors out there to consider?

- CNN.com

Filed under: Games


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Edward J. Wilkins   August 20th, 2008 4:01 pm ET

One of the big reasons for the video game industry not having been as harshly impacted in this dreadful economic recession is the nature of video gaming.

Specifically, the replayability of most video games. For the price of, say, Grand Theft Auto V (approx. $60), you could go see 6 movies in a theater by yourself...or take 4 friends and see one movie and maybe share a popcorn.

With games such as GTA V, you can play for over 100 hrs and still find new things to do in some cases. Other games, say Madden NFL 08 or what not, you can play with friends for a long time and garner enjoyment.

With this economy, people have to think about the amount of entertainment gained versus price paid. Video games will do well and continue to do so, while other entertainment industries will suffer somewhat.

My $.02


James in Nebraska   August 20th, 2008 5:12 pm ET

Just like Ed said.

More bang for your buck and you don't use gas. 🙂


JC   August 20th, 2008 6:14 pm ET

I agree with Edward. I purchased Warhawk for the PS3 early this year and have been able to spend hundreds of hours and still remain entertained by the always evolving downloadable content provided by Sony.

Games just seem to be a less costly form of entertainment for our generation in the long run, especially with gas prices so high, who wants to drive anywhere?!


JFrazer1   August 20th, 2008 10:49 pm ET

Exactly. A single $50 game can provide hundreds of hours of entertainment for a whole group of people. If you cannot afford to take a trip, what are you going to do? Instead of paying $4000 to take a family vacation you can spend $400 and play video games at home.


Ron Marko   August 23rd, 2008 10:56 am ET

I agree with all the above. Over and over again. But what the others forgot to mention is the pure 'escape' of playing a good video game. Immersing my 43 year-old self in a good game like Call of Duty, Crysis, Far Cry, Bio Shock (I could go on all day) – it transports me and makes me forget our crumbling economy, our pathetic presidential candidates, the way oil and greed are ruining our world (again, I could go on all day) for a moment. That, my friends, is worth it's weight in virtual gold!
Peace.


gamEr   February 3rd, 2010 3:46 pm ET

so you think that you can GET-YOUR-GAME-ON i think differant if you have faced any of the 6 gamEr's if you havent here are the names:
Gamer gAmer gamMer gamEr gameR GAMER!!. so if you have there names good for you hope you beat them if yall dont know than get ta playin'


gamEr   February 3rd, 2010 3:49 pm ET

good analogy JFrazer1 you are right this is the gamEr from texas for now but i like the way you think


Madeline Morgan   June 30th, 2010 3:52 am ET

Grand Theft Auto is so damn addicting game. I play 8 hours a day of GTA.;-'


Ethan Thompson   July 21st, 2010 1:27 am ET

the latest version of Grand Theft Auto have more detail on its graphics, nicely done."*~


Payton Butler   September 6th, 2010 6:10 am ET

i used to play Grand Theft Auto a lot but i kind of got busy these days so i dont play it anymore"";


Acne Remedy `   October 11th, 2010 11:53 pm ET

Grand Theft Auto is an addictive game but really not suited for the younger kids:*:


Chinese Girls   December 13th, 2010 2:36 pm ET

in my opinion, Grand Theft Auto is super addictive based from my experience ;.`


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