Microsoft and Amazon set for $50 million battle to make consoles cheaper
Microsoft has announced it has entered into a $50-million deal to supply consoles to the Xbox 360 and PlayStation 3.
Key points:The deal is a joint venture between Microsoft and the Australian company, ViacomThe company has said the two companies will “share common business objectives and deliver the benefits of joint ventures”The deal comes as Microsoft has continued to negotiate with Viacoms console makers, and is part of the company’s $US700-million acquisition of a stake in Sony’s PlayStation business.
“We are very excited to partner with VIA in this venture and look forward to continuing to collaborate on future joint ventures,” said Mark Zukerberg, chief executive of Microsoft.”VIA will be a valued partner of ours in the long term, and we look forward for a successful future relationship.”
Viacom said it had signed an agreement with Microsoft that would see the company supply consoles through its joint venture with Microsoft.
“We will share common business goals and deliver a wide range of high-end gaming systems,” the company said in a statement.
“The joint venture will enable Viacos and Microsoft to collaborate across a wide variety of industries including media, entertainment, entertainment software, and other emerging markets, and accelerate our ability to expand our existing product portfolio.”
Microsoft and VIA will also share common objectives and drive synergies that will enable us to deliver a new and innovative offering for the entertainment ecosystem.
“Microsoft’s $70-billion deal with VBC will see the Xbox hardware manufacturer provide a wide array of gaming systems including the Xbox One, Xbox 360, and Xbox One S.”
With Viacam’s support, we will continue to provide the best quality gaming experience to our customers,” Mr Zukarberg said.”
While we cannot provide you with the latest games, we can make sure you get the best hardware, and it is important to us that our products are the best we can be.”VBC said it was happy to have partnered with Microsoft on the deal, and added it hoped to collaborate with the company on future console and software deals.”
I think we will be seeing a lot more Microsoft products in the coming years,” Mr VBC said.
Microsoft’s deal with Sony comes after it was revealed that Sony had already acquired the console maker’s gaming assets, including its console hardware, for $US250-million.