MSFT - Xbox Exec Sarah Bond Addresses Microsoft's Studio Closures: 'It's Always Extraordinarily Hard To Make Decisions Like That' | Benzinga
Xbox President Sarah Bond addressed concerns surrounding Microsoft Corp‘s (NASDAQ:MSFT) recent closure of four studios.
Bond stressed the decision’s necessity for the long-term health of the Xbox business amidst what she calls “this moment of transition.”
Microsoft’s acquisition of ZeniMax Media included prominent developers like Bethesda and Arkane for $7.5 billion in 2021. It also purchased Activision Blizzard for $69 billion. The gaming community was subsequently shocked by the announcement of studio closures, including Arkane Austin and Tango Gameworks.
See Also: Microsoft’s Xbox Closes 4 Video Game Studios In Bethesda Restructure
Bond, in an interview with Bloomberg, discussed stagnant growth in the gaming industry despite significant game releases. She also mentioned the increasing costs and time required for developing blockbuster games.
Bond expressed the need to navigate industry transitions while upholding Xbox’s brand and offerings. She highlighted their dedication to providing diverse gaming experiences, citing titles such as ...