Recent reports say that the studio will be closing as a part of a restructuring that will result in 18,000 Xbox employees being laid off
News surfaced today that Xbox Entertainment Studios, the new studio that was to produce several Xbox original TV shows, will be shutting down permanently. The company began in 2012 with the vision to create interactive television content for Xbox Live subscribers. The studio looked to solidify its domination of the home entertainment industry by having their own original programming that can be accessed just as easily as Netflix or Hulu through consumer's Xbox Ones. With one announcement of a live-action Halo television show with Steven Spielberg producing it.
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