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Microsoft Xbox Live revenues to top $1B

Updated 4 years ago
Published Jul 8th, 2010 6:12AM EDT

According to analyst estimates, Microsoft’s Xbox Live premium gaming service may generate over $1 billion in revenue for the fiscal year that ended on June 30th. Much of this revenue is coming from Xbox Live Gold members who pony up cash for additional content like game add-ons, avatars, and movies. Microsoft was uncharacteristically forthcoming about its Xbox Live memberships and confirmed that over half of its Xbox Live members pay for the premium Gold service at an average price tag of $50 per year. Though it still plays second fiddle to the Nintendo Wii in total console sales, this is good news for Microsoft’s gaming division and bodes well for the upcoming launch of its Kinect motion controller.