Mon, Apr 04, 2011 | 17:18 BST
Gamestop predicts $1.5 billion in digital game revenue by 2014
Retailer GameStop, who made two acquistions relating to digital game downloads last week, expects to see revenues from that sector of its business jump to a whopping $1.5 billion by 2014, via multiple platforms and devices.
IndustryGamers reports that, according to statements from Lazard Capital Markets’ Colin Sebastian: “While the strategy may appear to some as a bit vague, mgmt is not proposing a rapid transformation of the business, and the implied market share expansion from 1.5% of the digital market in 2010 to 4% in 2014 appears to be a reasonable goal.”
Last week Gamestop announced it would acquire the Impulse PC game download service from Stardock.
It has also acquired Spawn Labs for its streaming game technology. GameStop would not reveal the specific financial terms for either acquisition.