Microsoft has announced it will sell its first-party games on Xbox One for $59.99, which is the same price most new releases are currently sold for.

Microsoft representatives confirmed the price to both Polygon and Kotaku , though it's worth noting this does mean titles published by third-parties could be sold for more.While nothing official has been said about the price of PlayStation 4 games, Sony America CEO Jack Tretton suggested back in February that they too would be retailing for $60. He told CNBC, "We're going to welcome free-to-play models, games from $0.99 up to those $60 games."Seeing as some retailers have been inviting pre-orders for up to $90 for a single game, it's a big relief to have it confirmed that these were just placeholder prices and not the real deal.

Luke Karmali is IGN's UK Junior Editor and is happy to hear he won't need to sell bodily fluids to participate in next-gen. You too can revel in mediocrity by following him on IGN and on Twitter