All three major 3rd party game engine companies have made announcements at GDC2014.
Unity 5 is announced, with many new features and improvements.
Crytek also entered in subscription based model with lowest price so far. 9.99 USD/EURO.
However, in my opinion the biggest news came from Epic.
Unreal Engine 4 provides only subscription based model. 19 USD per month (+5% royalty on profits).
But the subscription includes complete engine as well as full C++ source code.
And it introduces some form of App store model for developers to make and share/sell stuff. (a la Unity3D)