Xbox Entertainment Studios Looking for Buyers, Courts Warner Bros.

The Santa Monica-based studio Xbox Entertainment Studios, created in 2012 and responsible for the upcoming Halo Nightfall and Halo: The Television series, is looking for sellers according to The Hollywood Reporter. After Microsoft's announcement that XES would be closing, this is certainly welcome news.

The fledgling company has had "preliminary talks with Warner Bros. about possibly becoming a stand-alone entity based at the studio." If this deal follows through, XES might merge with Machinima, which is now paired with YouTube and which Warner has a partial stake (yep, talk about being roundabout).

A Warner Bros. spokeswoman simply stated this was "a conversation." Nonetheless, it's no doubt an exciting conversation. XES already has extensive experience with digital media, which can only bolster Warner Bros.' creative arm.