Microsoft Acquires Game Studios

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Microsoft Acquires Game Studios
By Olabisi Olaleye with Agency report

 

Microsoft disclosed during the week that it has acquired series of studio that would boost the original gaming content emerging from the console maker.
The company revealed this at the Microsoft theatre during the Xbox E3 press conference at the Los Angeles Convention Center,United States of America.
According to Xbox Head Phil Spencer, Microsoft has acquired Ninja Theory, Playground Games, Undead Labs and Compulsion Games. The four studios will add to Microsoft’s considerable heft in first-party game development, especially as the company looks to strengthen its game download subscription service Xbox Game Pass.
Microsoft’s corporate VP Mike Nichols, said, “These changes–expanding our presence, multiple venues, taking over the Microsoft Theater–give us the opportunity to bring together a variety of Xbox experiences into one primary location and, most importantly, let fans in on what we’re up to in 2018 and beyond in a fresh new way.”
The new studios will be housed beneath the Microsoft Studios brand alongside a new venture called ,The Initiative, led by former Crystal Dynamics head of studio Darrell Gallagher. Microsoft Studios already contains groups like Halo-maker 343 Industries and the team behind Minecraft, which Microsoft acquired in 2014 for $2.5 billion.

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