I don't think Pachter is necessarily wrong in his assessment. Would you expect GTAV to show up anytime soon on a let's say for the sake of argument, a $15 dollar all-you-can play subscription when it is still selling for $60 a pop?
But to say that there is no market for PS Now is short sighted as well - look at Netflix, until recently, their sole market was old re-runs and even with exclusives and getting some content quicker (i.e. some episodes are now showing up as quickly as the following season), that is still the vast majority of their market. If it is priced right and has the content that people want, I can't see how it can't work out. Heck, I'm the king of picking up old games that I missed on those ridiculous Steam sales (and never getting around playing them lol). I see PS Now as a cost effective way for console owners to get at those old titles and there is definitely a market for that.
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