Microsoft Corp. ’s Xbox Live online video-game service probably broke the $1 billion revenue mark for the first time in the year that just ended, helped by sales of movies, avatar accessories and extra game levels.
Microsoft Corp. plans to offer online pay television service from Comcast Corp. and Verizon Communications Inc. through Xbox Live, in an bid to channel more entertainment to its video-game console, people with knowledge of the situation said.
Microsoft Corp. is seeking to hire a television executive to develop original shows as part of a drive to expand its Xbox Live game and video service, according to people with knowledge of the company’s plans.
Microsoft Corp. will offer television service to Xbox Live users through a partnership with Verizon Communications Inc. and Comcast Corp., a bid to use TV programming to attract more customers to its game console.
Microsoft Corp., the world’s largest software maker, reported second-quarter profit that beat estimates, lifted by holiday sales of Xbox machines and Kinect sensors, as well as corporate software demand.