Xbox is closing down Hellblade creator Ninja Theory

Xbox is reportedly closing down Ninja Theory, the studio behind the Hellblade series, with staffers informed of the decision on a call. Despite the closure, there is hope that the studio will find a buyer. The move comes as several other Xbox studios, including Compulsion Games and Double Fine, are in negotiations to potentially spin off from Microsoft. The closure and negotiations follow warnings from Xbox executives about a "reset" at Xbox due to challenges facing the business, including an over-extended studio system.

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