Having announced their Cloud remote storage service in Seattle yesterday, also spoke candidly about the success of their digital game publishing platform.

Valve boss revealed that the game maker will soon make more money by delivering titles via Steam online, than via traditional boxed copies in stores.

Newell mooted digital distribution growth of 200%, compared to traditional growth of 10%. "It will actually pass over in the next three months, how much of our business is coming from retail versus how much is coming from other channels," he affirmed, according to EG.

Valve are also considering other content types for distribution using Steam, paving the way for and in the future, possibly.

More from Valve as we get it.

By Luke Guttridge