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New threat to GameStop: XBox Game Pass subscription service

Feb 28, 2017 - Fort Worth Star-Telegram (Texas)

Shares of Grapevine-based GameStop fell the most in nearly four months after Microsoft said it was introducing a subscription service that would let customers play games online and avoid a trip to the video game store.

The stock (ticker: GME) dropped more than 11 percent -- the biggest intraday decline since Nov. 2 -- before closing down $2.08, or more than 8 percent, at $24.44.

Microsoft said Tuesday it began testing the Xbox Game Pass, a $10-a-month service with access to more tha...