Mr Livingstone, life president of Eidos and co-creator of the Fighting Fantasy books, is being made a CBE. Ms Lane Fox - who now acts as the prime minister's digital champion - receives the same recognition. Sir Hossein is being knighted "for services to technology and innovation".
Over the past two decades he has helped build up his computer chip-designing company from about 40 employees to 1,300 and a market valuation of over £1bn. News of Ian Livingstone's honour coincides with his 63rd birthday.
It also comes just over 30 years on from The Warlock of Firetop Mountain's release - the first in a series of role-playing game (RPG) books which he helped write. Readers were asked to make choices or roll dice to determine which page they would turn to next, creating the storyline.
The format influenced many video game makers, and Mr Livingstone himself went on to found Eidos Interactive - publisher of the Tomb Raider and Deus Ex games.
Source: BBC News
