An anonymous reader writes: The Video Game Crash of 1983 saw the end of the 2nd generation of consoles caused by a failing video game industry. It took a huge chunk out of the market for video games in the United States, nearly bankrupting the entire industry. It was caused by many factors that include, but not limited to, poor quality control on games, lack of buyer confidence towards new game releases, and a saturated market. Is No Man’s Sky an indicator of a failing video game industry like we saw in 1983?
The fallout from all this has been massive demands for refunds. Unlike in 1983 where the stores bought the products and then went to the manufacturer for refunds, many gamers bought the game digitally. Steam, where the game has a review score of less than 15%, has begun refunding the game regardless of hours played or time owned, disregarding their 2 hour/2 week rule. Players on the Playstation Network have been able to receive refunds, despite Sony’s no refund policy. Amazon is also issuing refunds.