PlayStation Now “is a joke”, with “no prayer of working,” according to Michael Pachter. The outspoken Wedbush analyst explained why he believes that the streaming service Sony is readying for release in 2014, is destined to fail.
“PlayStation Now is a joke. There is no publisher that is going to license content that’s less than two-years old because they would be concerned that they can’t sell as many copies if they make it available for subscription or rental,” said Pachter in comments to Game Informer.
“This has no prayer of working. None,” concluded the analyst.
PlayStation Now is currently in beta for select participants, and should release in 2014 in North America. The PlayStation Now service will offer subscription services that allow PlayStation fans access to the massive library of PlayStation games from previous consoles. According to Pachter, it won’t be financially viable for the service to offer games on the platform that are less than two years old.