Retail CEO Paul Raines not concerned about growth of digital
Despite the rise of digital downloads GameStop CEO Paul Raines is confident that physical products are here to stay, and that his company can find a way to make the best of both markets.
"Disc-based games will be around forever," he told Fortune.
"The market has seen physical music sales down 50 per cent from its peak and physical movie sales down 60 per cent from its peak, but even in a doomsday scenario, disc-based games will be around for a long time. I see a complimentary business where we sell discs plus download like the current console mode."
He also looked ahead to the launch of the virtual reality headsets and stated his intentions for the medium.
"Analysts believe there could be 10 million VR users by the end of 2016, and there are hardware forecasts of $30 billion by 2020. We're going to be the destination for VR."
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