Microsoft to add $15 billion in annual revenue for first year of Minecraft game

Microsoft has been looking to capitalize on its Minecraft franchise for a while now.Earlier this month, the company announced that it was expanding its Minecraft business into new verticals including video game publishing, and that it would be adding $15B in annual revenues to its Minecraft games, according to the Wall Street Journal.Microsoft, which is…

Published by admin inOctober 20, 2021
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Microsoft has been looking to capitalize on its Minecraft franchise for a while now.

Earlier this month, the company announced that it was expanding its Minecraft business into new verticals including video game publishing, and that it would be adding $15B in annual revenues to its Minecraft games, according to the Wall Street Journal.

Microsoft, which is known for its video game consoles, said that it is also partnering with major video game publishers like Activision Blizzard, EA, and Sony to create a new franchise.

“We want to create an ecosystem that’s focused on games that people actually care about,” Microsoft CEO Satya Nadella told the Journal.

“The best way to do that is with Minecraft, a wildly popular sandbox game that has been downloaded more than 100 million times and is already one of the most successful franchises in the world.”

The WSJ added that Minecraft would also be the first game in the Microsoft brand to be made available in the Xbox app store, though Microsoft has not announced plans to launch Minecraft on the Xbox console itself.

Microsoft previously announced that the company was partnering with Nintendo for the launch of the Nintendo Switch console in October.

The company has also been working on a new version of Minecraft for mobile devices.