This Week in the Business: 'Consumers No Longer Want to Pay $40 for Nintendo Games.'

What's happened in the business of video games this past week ...

QUOTE | "Consumers no longer want to pay $40 for Nintendo games."—T. Scott Edwards, PlayMG Corp Founding Partner, talking about why their MG Android-based portable is a better gaming value than the Nintendo 3DS.

STAT | 8—Number of Zynga execs that have left the company in the last month; this has occurred since the stock dropped more than 70% in value with no sign of a recovery any time soon.

QUOTE | "Oh my god, this is incredible, this is just gonna change everything."—Brendan Iribe, CEO of Oculus, describing how he felt when he tried out the company's Rift virtual reality headset for the first time.

QUOTE | "All of those turn-of-the-millennium executives in videogames were wrong."—Arkane Studio's Harvey Smith (Dishonored), talking about how scripted experiences are not what players are looking for these days.

QUOTE | "We need to be constantly reinventing our games and ourselves ... Complacency kills."—Petri Järvilehto, EVP Games at Rovio, explaining why Rovio needs to keep pushing forward on new designs after Angry Birds.

QUOTE | "What Zynga created on Facebook was a new distribution channel for games, but they did not create a new type of game."—Steve Fowler, veteran game marketer, talking about why the social game bubble is bursting for Zynga.

QUOTE | "The subscription model is dead in the water."— Rob Fahey, former editor of Gamesindustry.biz, talking about how Star Wars: The Old Republic switching to free-to-play shows the future of MMOs.

QUOTE | "Publishers used to fundamentally add value... That's not the case anymore."—David Helgason, CEO of Unity Technologies, talking about how the world of game development has changed.

QUOTE | "We're still seeing the PC market is not dead, it's very much alive."—Kip Katsarelis, producer for EA Maxis on the new SimCity, talking about why they decided to aim for the PC game market first.

STAT | 900,000—Number of copies of EA's Madden NFL 13 sold on the first day at retail; this is a 7% increase from last year and a new record for the franchise.

STAT | 1 million—Number of copies sold so far of New Super Mario Bros. 2 for the 3DS in Japan; the title held the top sales spot for the third week running in Japan.

QUOTE | "Both PS4 and the next Xbox need a 'killer app' to get them out of the blocks."—Johnny Minkley, games writer and broadcaster, talking about what's needed to sell a next-gen game console.

STAT | 1 million—Number of units of Guild Wars 2 that were sold prior to the game's launch; pre-purchasing the game gave buyers access to the 3-day HeadStart.


This Week in the Business courtesy of GamesIndustry International
(Image from Shutterstock)