Microsoft dashes game developer dreams
Summary
Microsoft announced a big change in its Xbox division, cutting thousands of jobs and selling five game studios. The company said it lost money on small and mid-sized game studios and wants to focus on restructuring rather than expanding further right now.Key Facts
- Microsoft is restructuring its Xbox unit and cutting thousands of jobs.
- The company is selling five gaming studios: Ninja Theory and Undead Labs have buyers; Double Fine and Compulsion Games are returning to their founders; Arkane’s sale is just starting.
- Microsoft lost about 64 cents for every dollar invested in small and medium gaming studios.
- Since 2014, Microsoft has bought big game companies like Mojang (Minecraft maker), ZeniMax, and Activision Blizzard.
- The CEO of Xbox, Asha Sharma, said they are resetting Xbox because the current business is not healthy.
- This change focuses on reorganization, not leaving gaming entirely.
- There might still be investment in Minecraft, but major new acquisitions seem unlikely soon.
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