He’s also overseen the creation of Game Pass – the first Netflix-esque subscription service for video games – and doubled down on game streaming technology despite having seen several competitors elsewhere flame out in ignominy. And purchasing Skyrim and Fallout creators, Bethesda, for a record-breaking $7.5bn last year. That includes buying indie block-builder Minecraft for $2.5bn in 2014. Under his leadership, Xbox’s list of total first-party studios has increased dramatically, from five to 23. Throughout his seven-year tenure in charge of Xbox, Spencer has made some of the biggest moves not just in gaming but entertainment at large. But 'risk averse' is perhaps the least appropriate label for the guy who started his career helming the development of the Encarta CD-ROM encyclopedia. In the end, the rotating button – described by Spencer as “just another thing that could fail” – wasn’t worth the potential cost. Suddenly, that’s a hundred million dollar decision.
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