The standard price for video games may be increasing to $70 for the PlayStation 5 and next-gen Xbox, ending 15 years of $60 games

• For nearly 15 years, the standard cost of video games has been $60. 
• But for the next-gen consoles PlayStation 5 and Xbox Series X, which launch this holiday season, that standard price may be increasing to $70. 
• The first indication of that change came on July 2, with the announcement that this year's "NBA 2K21" will cost $60 for current generation consoles but $70 for next-gen consoles.
• Visit Business Insider's homepage for more stories.

When this year's annual "NBA 2K" game launches, it'll cost the same $60 it has always cost for current-generation Xbox One and PlayStation 4 consoles.

But when the PlayStation 5 and Xbox Series X arrive this holiday season, the next-gen version of "NBA 2K21" will cost $70 — a precedent-shattering shift in the price model that the game industry has used for console games for over 10 years.See the rest of the story at Business Insider

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