Start your property search

Microsoft Purchases Minecraft for $2.5 Billion

Posted by Steph Kaye on Monday, September 15th, 2014 at 11:29am.

Goldmine

Minecraft is a video game in which players create and break apart various kinds of blocks in three-dimensional worlds. The game’s two main modes are Survival and Creative. In Survival, players must find their own building supplies and food. They also interact with blocklike mobs, or moving creatures. (Creepers and zombies are some of the dangerous ones.) In Creative, players are given supplies and do not have to eat to survive. They also can break all kinds of blocks immediately.

The creative and building aspects of Minecraft allow players to build constructions out of textured cubes in a 3D procedurally generated world. Other activities in the game include exploration, gathering resources, crafting, and combat. Multiple gameplay modes are available, including survival modes where the player must acquire resources to build and maintain their health andhunger, a creative mode where players have unlimited resources to build and the ability to fly, and an adventure mode where players can create custom maps for other players to play.

Minecraft received five awards from the 2011 Game Developers Conference: it was awarded the Innovation Award, Best Downloadable Game Award, and the Best Debut Game Award from the Game Developers Choice Awards; and the Audience Award, as well as the Seumas McNally Grand Prize, from the Independent Games Festival in 2011. In 2012, Minecraft was awarded a Golden Joystick Award in the category Best Downloadable Game. As of June 25, 2014, the game has sold over 12 million copies on Xbox 360, 15 million copies on PC and nearly 54 million copies across all platforms.

It was officially announced early Monday morning, Sept. 15,  that Microsoft agreed to acquire Minecraft developer, Mojang, for $2.5 billion. At first glance, many may find themselves blown away by such a huge purchase. In the eyes of some critics, it could even conjure up headlines reminiscent of the 2000 tech bubble. But, just maybe, Minecraft was actually bought at an incredible value. Here are 5 stunning facts about its success:

1.) More than 12 million copies of Minecraft have been sold on the Xbox 360, which Microsoft already develops and owns.

2.) More than 2 billion hours of Minecraft have been played on the Xbox 360. That number becomes a lot bigger when you add in total hours on mobile and desktop computers.

3.) Mojang grossed more than $360 million in revenue last year alone. The majority of that coming from Minecraft.

4.) Minecraft is played on different servers running around the world. Some gamers estimate that there are more than 30,000 Minecraft servers in existence. Keep in mind, Microsoft’s new CEO, Satya Nadella, has an extensive background in online services, specifically the Server and Tools Business. Now, imagine the things he could have in mind.

5.) Fans have proven to be extremely loyal. More than 90% of all gamers who purchased Minecraft on the PC have returned over the last 12 months.

In short, Microsoft had several valid reasons to purchase Minecraft. It is has a huge revenue stream and continues to grow. It also has a huge fanbase on the PC and Xbox 360. But, perhaps even more intriguing, is the simple fact that Minecraft is rooted on servers everywhere. And Microsoft’s CEO is master in that realm with years of experience.

If you are in the market for a new house and would like information on homes for sale, or are first time home buyer not working with a Realtor and would like to schedule a consultation with a qualified Oakland County and Macomb County Realtor, please complete the Lang Premier Properties contact form to have a real estate agent contact you. 

Lang Premier Properties are Birmingham Realtors specializing in Oakland County Real Estate. Stephanie is an agent with Lang Premier Properties. See what past clients have to say about Stephanie Lang.  Lang Premier Properties looks out for your best interests when you purchase a new custom luxury home. We always recommend working with an experienced luxury real estate agent when buying a new luxury estate.

Leave a Comment