GameStop CEO Paul Raines thinks physical games aren't going anywhere. Speaking to Fortune , Raines said disc-based games "will be around forever."

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Raines referenced a 50% decline in physical music sales and a 60% decline in physical movie sales, but said "even in a doomsday scenario, disc-based games will be around for a long time."GameStop is well prepared for the digital-distribution future, even if its corporate leadership believes physical media is sticking around. The company did just under a billion US dollars in revenue from digital sales, which accounted for slightly more than 10% of its $9.3 billion in revenue for 2014.Earlier this year, GameStop purchased ThinkGeek parent company Geeknet Inc. GameStop is using its new property to bring the geeky charm of ThinkGeek's licensed products to brick-and-mortar locations. The first such ThinkGeek/GameStop location opened in Orlando, FL.In addition to an optimistic outlook on disc-based games and its new-found foothold in the geek-collectibles market, GameStop is also looking toward virtual reality as another driver of revenue for the company going forward.Saying he sees a "complimentary business" where GameStop sells both discs and downloadable content, Raines believes virtual reality games "will also likely follow" a complimentary business model.

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