The GameStop share price plummeted -5.95% to $43.34 after EA announced their new EA Access initiative which sees any game from EA’s catalogue available to playon Xbox One for $4.99 per month.
“EA Access membership unlocks The Vault, a collection of EA’s biggest games on Xbox One ready for you to download and play. During the beta, gamers will have unlimited access to four great EA games: FIFA 14, Madden NFL 25, Peggle 2 and Battlefield 4, with more titles being added soon. That’s over $100 worth of games for $4.99 a month. You can play these EA favorites as much as you want with the click of a button.”
EA stock did not receive a related boost on the news. Find more about the EA Access announcement here