When Microsoft announced a major restructuring, last month, it was widely understood that the company planned to dismantle its Xbox Entertainment Studios division. Now, however, sources tell The
Hollywood Reporter that the software giant is shopping the unit -- made up of about 200 employees producing original programming -- to potential buyers. “XES is shopping for a new home and has
had preliminary talks with Warner Bros. about possibly becoming a stand-alone entity based at the studio,” THR reports. “In that scenario, Warners [sic] would look to merge XES with
Machinima, the video game-centric YouTube network in which it owns a stake.”
Read the whole story at The Hollywood Reporter »
