During a panel held by the Federal Trade Commission (FTC), the Entertainment Software Association (ESA) announced that Sony, Microsoft, and Nintendo have come to an agreement for more honest and transparent use of the infamous loot boxes inside of video games.
The new regulation requires the developers to declare in a clear and unequivocal manner the probabilities of obtaining a specific object within the prize funds. The change will be worth for every single video game published on the gaming consoles of the three companies.
“Microsoft, Nintendo, and Sony have informed ESA that they have committed to new platform policies regarding the use of paid loot boxes in games developed for their platforms. Specifically, [the change] will apply to future games. and updates that add the loot box feature, and will require the disclosure of the relative rarity or probability of obtaining random virtual items in the games available on their platforms. “
We also learn that numerous publishers belonging to ESA have followed the example provided by the platform holder, signing the agreement that will come into force by the end of 2020 (in line with the arrival of the next-gen consoles). Although no specific names have been released, ESA is formally associated with Activision-Blizzard, Bethesda, Disney, Epic Games, Square Enix, Take-Two, and Ubisoft. Gamespot has moved to learn more details about the individual companies, we’ll see if further details will emerge in the coming hours.