Massively is reporting that, owing to both the rash of free-to-play games and the conversion of some subscription games to F2P, revenues from MMO subscriptions actually declined in 2010 for the first time since 2002. 

However, don't worry about your friendly neighborhood MMO developers - microtransactions in games rose 24% from 2009, and the industry as a whole actually saw a 5% increase from 2009.

Massively also speculates that the popularity of RIFT and the advent of Star Wars: The Old Republic may result in an increase in MMO subscription revenues for 2011.  Stay tuned.

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