Microsoft Announces Five New and Acquired Studios

Microsoft's E3 conference has brought not just game announcements, but also exciting industry news for players interested in the company's hold in the gaming world. Xbox head Phil Spencer took to the stage to walk through the portfolio of studios that are now under Xbox's banner.

Microsoft also announced a new first party AAA studio called The Initiative that will be led by Darrell Gallagher, formerly head of Crystal Dynamics, and based in Santa Monica, Calif. The message was clear: Xbox is going to be about the games again.

The upcoming Forza game will also include a cool open world multiplayer experience that lets you pit your racing talents against real gamers.

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Next, in a not-so-surprising acquisition, Spencer announced that Undead Labs, makers of State of Decay have been purchased by Microsoft.

With so many studios now under their wing, will Microsoft perhaps start churning out exclusives at a much higher rate? And, for fans of these studios, the monetary support from Microsoft should help them put out some great new content. Spencer even said the studios would have "creative independence", which should help ease any worries that Microsoft could spoil these studios. If rumors are correct, that other game could be a full-fledged Fable game. Compulsion is responsible for We Happy Few.

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