Microsoft plans to raise the prices of games made by its studios to $70 next year, the company said in a comment, following other game makers taking similar action citing increased prices. development costs. Overall, therefore, movements are likely to contribute to other.
The software giant, which makes the Xbox video game console, said highly anticipated new titles like theand the epic of space exploration will cost about 15% more than the typical $60 price the company has maintained for over a decade. Meanwhile, teams in some big budget games have doubled or more between big projects.
“This price reflects the content, scale and technical complexity of these titles,” a Microsoft spokesperson told gaming publication IGN in a statement Monday. The spokesperson added that all games developed by Microsoft’s Xbox Teams will also be available on the company’s Game Pass subscription service.. The company declined to say whether the price of its Xbox will also increase next year.
Microsoft’s price change has been widely speculated among gamers, who have anticipated such price increases as game development studios have grown in size, as have the marketing budgets of their biggest titles. It’s only been in the past two years that other companies such as Sony’s PlayStation division have taken steps to raise the prices of their games to $70. Earlier this year, the electronics and entertainment giant raised the price of its PlayStation 5 video game consoleas well.
Super Mario Bros. maker Nintendo has meanwhile suggestedwhile Grand Theft Auto game maker Take-Two Interactive said it would charge higher prices on a “title-by-title” basis.
For its part, Microsoft telegraphed the decision, reassuring fans that it will keep prices for its games and Games Pass subscription over the holidays.
“Consumers are more uncertain right now than they have been in a long time, and I want our video game medium to be something they find appealing,” Phil Spencer, head of games at Microsoft, said in a statement. onstage interview with The Wall Street. Review in October. “I think at some point we’re going to have to raise the prices of some things.”