Gabe Newell is a ‘name you need to know in 2011,’ says Forbes

Forbes recently listed Valve co-founder Gabe Newell as a name you need to know in 2011. Newell made it on the prestigious list of super important people for Valve’s continued success in the growing digital game sales market. According to the NPD group, digital sales for PC games surpassed sales from retail stores in 2010. As more consumers opt to purchase games online instead of visiting retailers, Valve’s online game store Steam is leading the charge with 70% of the market share for digital downloads. The online store also recently boasted that it has over 30 million active user accounts.

According to Newell, Steam enjoyed its best year ever in terms of sales, citing a sales growth that exceeds 200%. Although specifics on revenues are not available, Forbes’ 2005 profile of Valve found that the company was expected to surpass $70 million in revenue that year. Since then, Valve and Steam have continued to grow, releasing well received titles with regular updates, like Left 4 Dead and Left 4 Dead 2. The service’s catalogue of titles now exceeds 1,200 games, with recently released AAA titles, like Call of Duty: Black Ops and Fallout: New Vegas.

Competitors are also taking note. Microsoft has recently re-launched its own online games store – and US retailer GameStop now allows customers to place a hold on titles at their local store or have them delivered to their door via their online catalogue.

[Source: Forbes]

Nov 16, 2010

UK retailers threaten to ban Steam, claim that service is killing the PC market
“Publishers are creating a monster – we are telling suppliers to stop using Steam in their games,” says retail executive

Steam reaches 30 million accounts
That’s 10% of the US population


  • Cleanser247 - November 17, 2010 10:29 p.m.

    @Fleshcrawl Nice!
  • Fleshcrawl - November 17, 2010 8:10 p.m.

  • Defguru7777 - November 17, 2010 3:48 a.m.

    Good for him and Valve. But where are Half-Life 2: Episode Three and the Xbox 360 updates for Team Fortress 2!?
  • CoryRX8 - November 16, 2010 10:15 p.m.

    @RadimirWackytov Seeing as how I never really could get into Half-Life 2, I'll do this just to torment everyone else: 1. Gabe Newell is fat. 2. Gabe Newell is a lardo. 3. Gabe Newell produces enough gravity that objects can orbit around him. 4. Gabe Newell makes Peter Griffin look fit. 5. Gabe Newell isn't actually wearing black in the picture, he's just so massive that not even light can escape his gravitational pull. 6. The Boomer from L4D was actually just a picture of Gabe Newell. 7. You have to have a widescreen monitor to view an entire picture of Gabe Newell. 8. Global climate change is a result of Gabe Newell checking his mail, slightly altering the Earth's orbit with each step. Two month delay!
  • Redeater - November 16, 2010 10:07 p.m.

    He is know for eating the most tacos in one sitting at Chile's right? Seriously though....where the fuck is my Half Life 3??
  • shadowreaper72 - November 16, 2010 9:28 p.m.

    WHERE THE FUCK IS HALF LIFE 3!!!!!!!!!!!!!!!!!!
  • JohnnyMaverik - November 16, 2010 9:23 p.m.

    I once put a picture of Gabe Newell into unity and it crashed the engine... no really I'm not joking.
  • mynameisjay - November 16, 2010 9:21 p.m.

    A pretty awkward looking picture of Mr. Newell. I agree, though. He is a major yet under appreciated icon in the industry.
  • db1331 - November 16, 2010 9:20 p.m.

    "According to the NPD group, digital sales for PC games surpassed sales from retail stores in 2010." I wonder if this has anything to do with games being 25-50% cheaper on Steam than in retail stores just a few months after they release?
  • slickmcwilly - November 16, 2010 9:15 p.m.

    wow, i hav god gramer :P
  • slickmcwilly - November 16, 2010 9:13 p.m.

    ^ LOL Valve has to be in my favorite developer. It's almost impossible for them to make a bad game.
  • RadimirWackytov - November 16, 2010 9:03 p.m.

    Every time you make a fat joke about Gabe, he delays Episode 3 by another week.
  • WillisTron - November 16, 2010 8:59 p.m.

    You'd think with all that money he could afford Jenny Craig...
  • ventanger - November 16, 2010 8:57 p.m.

    Weight Watchers needs to know his name. Because he is an overweight individual. But seriously, hurray for digital distribution.
  • JohnnyMaverik - November 16, 2010 8:56 p.m.

    Valve ftw

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