Re: Luke Elvy appears to confirm PGA2k23 coming in August in radio interview
Interesting how there was a question going directly at any impact from LIV stuff and the answer mostly sort of weaved and dodged around the real question being asked there..
(note: I'm assuming the "Live" was poorly transcribed and meant to be "LIV")
Does your PGA Tour business, is it seeing any impact from the Live Tour and the noise around that? Thanks.
Strauss Zelnick -- Chairman and Chief Executive Officer
So on your first point, I've been asked about the potential impact of the recession on our business since I started with these conference calls some 15 years ago. And over and over again, I said I don't believe the entertainment business is recession proof or even necessarily recession resistant. And I think we're seeing now the decline in consumer spending and increase in inflation will have an impact on the industry. You've seen it from our report today and from our competitors' reports as well.
I think conceptually, the impact is probably greater on free-to-play for the reasons that I said earlier in the call, that you can play those titles without spending money. And you may just decide to spend less frequently or less in aggregate. With regard to the console experience, you have to buy the game to play. And so I think if you want the title, you're going to buy it.
And as you point out, it's a very good value for consumers. And on your second point, no, we haven't seen any impact on our ongoing sales or engagement with PGA Tour based on, as you put it, the noise around this new offering.
Interesting how there was a question going directly at any impact from LIV stuff and the answer mostly sort of weaved and dodged around the real question being asked there..
(note: I'm assuming the "Live" was poorly transcribed and meant to be "LIV")
Does your PGA Tour business, is it seeing any impact from the Live Tour and the noise around that? Thanks.
Strauss Zelnick -- Chairman and Chief Executive Officer
So on your first point, I've been asked about the potential impact of the recession on our business since I started with these conference calls some 15 years ago. And over and over again, I said I don't believe the entertainment business is recession proof or even necessarily recession resistant. And I think we're seeing now the decline in consumer spending and increase in inflation will have an impact on the industry. You've seen it from our report today and from our competitors' reports as well.
I think conceptually, the impact is probably greater on free-to-play for the reasons that I said earlier in the call, that you can play those titles without spending money. And you may just decide to spend less frequently or less in aggregate. With regard to the console experience, you have to buy the game to play. And so I think if you want the title, you're going to buy it.
And as you point out, it's a very good value for consumers. And on your second point, no, we haven't seen any impact on our ongoing sales or engagement with PGA Tour based on, as you put it, the noise around this new offering.
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