Report: Live to generate $1bn PA by 2013

By Patrick Garratt, Friday, 10 April 2009 08:41 GMT

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An In-Stat report has claimed that Xbox Live revenue is likely to hit $1 billion per year by 2013.

“Each of the three key [console] vendors is positioned to generate hundreds of millions of dollars in annual online gaming revenue from online service subscriptions, download revenue and-or online advertising,” said the research firm.

“Microsoft’s Xbox Live service will clearly lead, with projected revenue of over $1 billion in revenue annually by 2013.”

The report goes on to say that increasing ubiquity of internet-ready devices and network availability is fuelling the growth in online subs.

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