Majesco CEO talks about his company’s future as Industry transitions to next-gen
In a recent quarterly earnings call, Majesco CEO Jesse Sutton, has said that his company will take risk-adverse bets in preparation for the industry transition to next gen consoles.
“We’re in an interesting position now … which is [that] the industry is going through this transition,” he said.
“Majesco is going to try to be opportunistic, sit back a little and watch what the new platforms do, take what we’ll call ‘risk-averse bets’ on the kinds of brands and products that we bring to those platforms — if and when we do — and look at other opportunities in other areas that can create value as well.”
He also talked a bit about the PS4 and how it opens up opportunities on the PS3 as well.
“What that does is primarily allow the previous generation platforms — as we’ve seen with the PlayStation 2 to the PlayStation 3 — to overlap and create a market dynamic that really builds the mass-market interest in those platforms as pricing comes down and those platforms become more attractive.
“We’re looking forward to taking advantage of those dynamics as well as keeping a close eye on where we can play in the new platforms.”
He was also optimistic about the Wii U and Nintendo’s ability to bounce back after the slow start.
“It is always the game that drives the hardware sales, and as they position their fall lineup of 2013, we think that there’s a good probability that they can generate some traction and build off of their fantastic brand base that they’ve always had.”
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