Research Analyst Michael Pachter said at a South By Southwest (SXSW) panel that next-gen games "will likely cost $70." He goes on to say that the games with the more expensive price tag would be for the new Xbox and Sony's PS4.

There has been some speculation on whether or not the prices of new releases will jump an extra ten bucks like during the last console transition. If this is to be the case, then it may put off a lot of cash-strapped gamers from purchasing new games at all.

Pachter isn't the only one convinced that games may be jumping in price; EA executives Blake Jorgensen and Rajat Taneja have also made the same claims for both upcoming consoles.

Sony's Jack Tretton told CNBC this February that “we’re going to welcome free-to-play models, games from ninety-nine cents up to those sixty-dollar games.”

This sounds like it will be a welcome relief for those planning on buying a PS4 and hoping that their wallets won't be raided too hard by games. That isn't to say that the console might cost a pretty penny and an amputated leg though.

So, it looks like the only console that could be selling these supposed $70 new releases would be the new Xbox. We'll have to wait until Microsoft unveils what they've been working on for the past couple of years.

We won't really know the official prices until we see the consoles and games on pre-order receipts from the local video game shop.

Would you be willing to pay $70 for a next-gen title? Tell us in the comments!