Xbox Studios Negotiate to Avoid Closure
Several Xbox-owned game studios are in talks with Microsoft to either spin off independently or find new buyers to prevent closure.
Coverage across 3 outlets
Business and Finance
Obsidian Entertainment, the developer behind Avowed and The Outer Worlds, is reportedly in negotiations with Xbox Game Studios to avoid potential closure. This news comes amid broader discussions about the future of several Xbox-owned studios.
Multiple Xbox Studios Reportedly In Active Negotiations With Microsoft To Avoid Closure
Multiple Xbox game studios, including Compulsion Games, Ninja Theory, and Double Fine, are reportedly in active negotiations with Microsoft to avoid closure. Some studios may be given the opportunity to go independent or find a new buyer. Employees at Ninja Theory have been informed of potential closure, and Arkane Studios is also reportedly concerned about its future.
Xbox Studios Facing Possible Closures
A report indicates that several studios under Microsoft's Xbox Game Studios division, including Compulsion Games and Double Fine, may be facing possible closures. The article details the uncertainty surrounding these developers within the company.
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.
