Following Nintendo and Sony's lead, Xbox is setting up a division exclusively dedicated to movies and non-games partnerships
Today, Microsoft announced it is setting up a new branch of the Xbox business named XP.
Today, Microsoft announced it is setting up a new branch of the Xbox business named XP.
The short version
- In a blog over at the Xbox Wire, Microsoft details what this new area of the business looks like - it consists of four branches: Xbox Places, Xbox Pictures, Xbox Partnerships, Xbox Products.
- This is the arm of the company that'll oversee the Minecraft theme parks that are opening in the US and UK that so far represent over £85m of investment from Mojang and Xbox.
- They're expected to open 'between 2026 and 2027'.
What happened
Will we hear about more real-life locations that'll fall under the 'Places' banner? All these initiatives will no doubt require staffing, which is such to be a sore subject for any of the staff that have been impacted by wide-ranging cuts at Microsoft and Xbox over the past few years .
Why it matters
Given the contraction of its game studios and software business, is Xbox trying to recoup costs by pursuing other avenues for growth?
Summary by Nerd News Network. Read the full article at Eurogamer via the links above and below.