[Update] Those of you looking forward to the next game from Alan Wake developer Remedy Entertainment need not worry, as the closure of Xbox TV won't affect its television-centric title, Quantum Break.
The upcoming Remedy-developed Xbox One exclusive "will be released next year and the game and show both remain on track," a Microsoft rep confirmed to Polygon. "The news of Xbox Entertainment Studios has not impacted our progress and we're excited to share more details of Quantum Break at Gamescom in August."
[Original] Microsoft has announced that it's scrapping Xbox Entertainment Studios, as the company streamlines its focus under the leadership of its new CEO, Satya Nadella.
The Head of Xbox, Phil Spencer, released a statement regarding the closure of Xbox TV, saying, "As part of the planned reduction to our overall workforce announced today and in light of our organization’s mission, we plan to streamline a handful of portfolio and engineering development efforts across Xbox. One such plan is that, in the coming months, we expect to close Xbox Entertainment Studios."
Fortunately, however, it looks like Spielberg's Halo project and the upcoming Ridley Scott-produced digital feature, dubbed Halo: Nightfall, are still on track for release.
This news comes hot off the heels of the announcement that Microsoft is laying off 18,000 employees. All of us at GameRevolution wish those affected all the best in their search for a new job.