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I have a question, is it me or does Pachter simply not understand what PS Now is supposed to do?

PS Now is supposed to be a service that delivers older games, it's not supposed to be for new PS4 games, right? I ask this because he first said that publishers wouldn't want to let Sony put their newest games on the service, which they pretty much don't want to do anyway.

Or did I misunderstand the idea of PS Now?