Here we go again, Dow plunges

[Ail]

FishyJoe said:

I wonder if those who believed the economy won't effect game sales are rethinking things. The Dow is now down another 570 points and well below 10000. Sony is at a 5 year low and Nintendo has dropped like a rock. This has to reduce game sales, I don't see how people will have money to spend freely. The entire world is going into recession.

In addition, credit has completely dried up. This will have a huge impact on future games that don't already have their credit secured. It will be almost impossible to start a multi-million dollar project because companies won't be able to get any credit. This means that expensive projects that aren't a sure bet will not get the green light.

 

 It shoudn't impact most of the major games we buy.

I could be wrong but I don't think the major publishers ( Activision, EA, THQ, Take Two, Ubisoft ) actually resort to credit much to finance their project .

Activision has no debt, neither does Take Two. If credit was used to finance projects at those company you would expect them to have some debts..