Without further research, i have to imagine he means charged per hour of gameplay, so a 40 hour game, a 10 hour game, and a 120 hour game should all be priced differently.

Considering replay value I'm not sure how you actually accomplish that pricing method in a reasonable way, but i don't fault him for thinking in that way (assuming it is not actually streaming)

Edit:

I'm not saying i agree with the quote. I don't think it's fair to be angry at an assumption, so be mad at what he actually meant. Also, the actual quote at least has some level of merit, even if i think it's a bad idea (certainly not as awful as a subscription model).

Here's the full quote with source:

"Take-Two's CEO Strauss Zelnick isn't concerned with upsetting fandoms, as reinforced by his latest comments that video games should be priced on their “per hour value”, aka based on the hours of gameplay you get."

https://www.gamingbible.com/news/gta-6-priced-by-per-hour-value-171196-20231116#:~:text=Take%2DTwo's%20CEO%20Strauss,hours%20of%20gameplay%20you%20get