Bloomberg: Several Xbox studios in negotiations to avoid closure
Several Xbox-owned studios, including Compulsion Games, Double Fine Productions, and Ninja Theory, are reportedly in negotiations to spin off from Microsoft or avoid closure. Staffers at Ninja Theory were informed of its closure, though the studio is seeking a buyer. These potential closures and layoffs are expected to occur after Microsoft's fiscal year ends on June 30, following a memo from Xbox CEO Asha Sharma hinting at a company reset due to increasing costs and an overextended studio system.
- Entities
- Company: Microsoft
- Company: Ninja Theory
- Person: Craig Duncan
- Topic: Layoffs
- Company: Compulsion Games
- Company: Xbox
- Topic: Studio Closures
- Person: Jason Schreier
- Topic: Game Development
- Person: Asha Sharma
- Company: Double Fine Productions
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