According to video game research firm IDG Consulting, publishers are likely to raise the price of next-gen games for PlayStation 5 and Xbox Series X following the PS5 News that NBA 2K21 will retail for $69.99 each on them compared to $59.99 for current-generation devices. 
Whether next-generation console games will justify the price hike compared to their present day console counterparts remains to be seen... according to Sony CEO Jim Ryan the upcoming PS5 hardware price will reflect value, so perhaps the same will apply to software as well.
Feel free to discuss this in the PS5 Forums, and to quote from IDG President and CEO Yoshio Osaki via GamesIndustry.biz on the news:
"Even with the increase to $69.99 for next-gen, that price increase from 2005 to 2020 next-gen is only up 17%, far lower than the other comparisons. While the cost of development and publishing have gone up, and pricing in other entertainment verticals has also gone up substantially, next-gen software pricing has not reflected these increases.
$59.99 to $69.99 does not even cover these other cost increases completely, but does move it more in the proper direction. IDG works with all major game publishers, and our channel checks indicate that other publishers are also exploring moving their next-gen pricing up on certain franchises, for the same reasons outlined above.
Not every game should garner the $69.99 price point on next-gen, but flagship AAAs such as NBA 2K merit this pricing more than others."
Whether next-generation console games will justify the price hike compared to their present day console counterparts remains to be seen... according to Sony CEO Jim Ryan the upcoming PS5 hardware price will reflect value, so perhaps the same will apply to software as well.
Feel free to discuss this in the PS5 Forums, and to quote from IDG President and CEO Yoshio Osaki via GamesIndustry.biz on the news:
"Even with the increase to $69.99 for next-gen, that price increase from 2005 to 2020 next-gen is only up 17%, far lower than the other comparisons. While the cost of development and publishing have gone up, and pricing in other entertainment verticals has also gone up substantially, next-gen software pricing has not reflected these increases.
$59.99 to $69.99 does not even cover these other cost increases completely, but does move it more in the proper direction. IDG works with all major game publishers, and our channel checks indicate that other publishers are also exploring moving their next-gen pricing up on certain franchises, for the same reasons outlined above.
Not every game should garner the $69.99 price point on next-gen, but flagship AAAs such as NBA 2K merit this pricing more than others."
