Xbox CEO: Division 'Won't Survive' Without New IP

Xbox CEO Asha Sharma told an internal town hall that the division will "not survive" if it only revives past franchises, urging the creation of new IP. The remarks follow a major reset that has cut at least 1,600 jobs and seen Microsoft divest from four studios known for new titles.

• Sharma: Xbox "will not survive" if it only revives the past
• Xbox reset has led to at least 1,600 job cuts
• Microsoft cut ties with Double Fine, Ninja Theory, Compulsion, Undead Labs
• Halo development moved to Activision, Obsidian placed under Bethesda