Xbox Game Pass Will Take “An Eternity” to Reach Netflix’s Success – Pachter
Wedbush analyst says there’s “no chance”.
Microsoft’s Xbox Game Pass is currently available for Xbox Insider members and will be out this Spring, allowing Xbox One players to access over 100 games at the monthly price of $10.
However, this doesn’t mean it will hit Netflix levels of success anytime soon. Or ever, according to Wedbush Securities analyst Michael Pachter on the latest episode of the Pachter Factor.
“Netflix has 93 million users as of the last earnings report, they’re probably going to be at 100 million by mid-year, there’s no chance Microsoft get anywhere near that. This isn’t the beginning of Netflix style programs, Gamefly was the beginning of Netflix style programs.
“Gamefly was exactly what Netflix was in 2006, DVD’s by mail. The price was a lot higher, twenty bucks and I don’t know their numbers today, but the last published thing I saw they had not got to 1 million customers paying twenty bucks a month. It’s a hard model to make work, and Gamefly had every game. The point is they had new games and even they can’t get a lot of traction at $20 a month.”
We’ll have to wait and see how it ultimately pans out but what are your thoughts on Pachter’s opinions? Let us know below.