With its forthcoming PlayStation Now service, Sony (NYSE:SNE) wants to be the Netflix of streaming gaming. Can it work? Host Ellen Bowman puts the question to Fool analysts Nathan Alderman and Tim Beyers in this week's episode of "1-Up on Wall Street," The Motley Fool's Web show in which we talk about the big-money names behind your favorite movies, toys, video games, comics, and more.
Nathan envisions PlayStation Now as a catalyst, delivering games not only to consoles but also the PS Vita and other portable devices. The idea? Keep gamers engaged as often as possible without ever leaving the Sony ecosystem, which is getting bigger by the day. (Sony reported 4.2 million PS4 consoles sold as of last month's CES conference.)
Tim agrees, and notes that the gaming industry as a whole has been moving to online distribution. Consider Take-Two Interactive (NASDAQ:TTWO), which supplements sales of Grand Theft Auto V by connecting it to the ever-evolving world known as Grand Theft Auto Online. Researcher Sterne Agee estimates the add-on could soon contribute $100 million in additional annual revenue.
Now it's your turn to weigh in using the comments box below. Have you purchased the PS4? Are you planning to subscribe to PlayStation Now when it becomes available? Please watch the video as Ellen puts Nathan and Tim on the spot, and be sure to check back here often for more "1-Up on Wall Street" segments.
Neither Ellen Bowman nor Nathan Alderman owned shares if any of the stocks mentioned in this article at the time of publication. Tim Beyers owned shares of Netflix. The Motley Fool recommends Netflix, Nvidia, and Take-Two Interactive and owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.