In a bid for the war over the living room, Valve has announced their own operating system built around Steam, called SteamOS.

You can check out the entire press release below:

Steam is coming to a new operating system
As we’ve been working on bringing Steam to the living room, we’ve come to the conclusion that the environment best suited to delivering value to customers is an operating system built around Steam itself. SteamOS combines the rock-solid architecture of Linux with a gaming experience built for the big screen. It will be available soon as a free stand-alone operating system for living room machines.

Living room & Steam
Finally, you don’t have to give up your favorite games, your online friends, and all the Steam features you love just to play on the big screen. SteamOS, running on any living room machine, will provide access to the best games and user-generated content available.

Fast forward
In SteamOS, we have achieved significant performance increases in graphics processing, and we’re now targeting audio performance and reductions in input latency at the operating system level. Game developers are already taking advantage of these gains as they target SteamOS for their new releases.

Cooperating system
Steam is not a one-way content broadcast channel, it’s a collaborative many-to-many entertainment platform, in which each participant is a multiplier of the experience for everyone else. With SteamOS, “openness” means that the hardware industry can iterate in the living room at a much faster pace than they’ve been able to. Content creators can connect directly to their customers. Users can alter or replace any part of the software or hardware they want. Gamers are empowered to join in the creation of the games they love. SteamOS will continue to evolve, but will remain an environment designed to foster these kinds of innovation.

Four new Steam features focused on the living room.

Available soon in both SteamOS and the Steam client.

In-home Streaming
You can play all your Windows and Mac games on your SteamOS machine, too. Just turn on your existing computer and run Steam as you always have – then your SteamOS machine can stream those games over your home network straight to your TV!

Music, TV, Movies
We’re working with many of the media services you know and love. Soon we will begin bringing them online, allowing you to access your favorite music and video with Steam and SteamOS.

Family Sharing
In the past, sharing Steam games with your family members was hard. Now you can share the games you love with the people you love. Family Sharing allows you to take turns playing one another’s games while earning your own Steam achievements and saving your individual game progress to the Steam cloud.

Family Options
The living-room is family territory. That’s great, but you don’t want to see your parents’ games in your library. Soon, families will have more control over what titles get seen by whom, and more features to allow everyone in the house to get the most out of their Steam libraries.

At the core of SteamOS is everything you already love about Steam.

All the games you love
Hundreds of great games are already running natively on SteamOS. Watch for announcements in the coming weeks about all the AAA titles coming natively to SteamOS in 2014. Access the full Steam catalog of over nearly 3000 games and desktop software titles via in-home streaming.

Over 50 million friends
Steam users are what makes gaming on Steam fun. Meet new people, join game groups, form clans, chat in-game and dive into Game Hubs, the center of activity for all your favorite games.

Workshop
The creative energy of Steam users takes shape in the Workshop – your one-stop shop for the best add-ons available. Here you can create, discover, and download a nearly endless supply of top-quality user-created content.

A cross-platform cloud
Seamless content delivery, storage you don’t have to think about and automatic updates to everything. Switch machines and pick up your game where you left off, and don’t worry about saving your preferences. It’s all in the Steam Cloud.

Constantly evolving
Steam itself has been a constantly evolving service since its debut in 2003. SteamOS will continue to deliver not only valuable game updates directly from content makers, but also regular additions and new features to the OS itself.

Steam is in 185 countries and has been translated into 25 languages. As a truly global platform, Steam, and now SteamOS, brings entertainment to an audience without borders.