"Our cloud engineers are building a game streaming network to unlock console gaming on any device", said Spencer. Microsoft's new studio, based in California, is called The Initiative. Speaking with major Korean gaming outlet, GameMeca, Hinton claims engineers are aiming to announce the console "next year". The company did not give any information about the game beyond a teaser trailer, but the name would imply either a Fortnite-like battle royale style game or a persistent world. State of Decay developers Undead Labs are also joining Microsoft, as are Compulsion games who are working on We Happy Few.
In some ways, Microsoft was playing to an easy crowd, with Xbox Fanfest winners in attendance to provide requisity whoops and hollering - and some even twirling shirts in the air at the bigger announcements - but not all games enjoyed a good response.
The game, "Forza Horizon 4", is set in the United Kingdom and will feature game play during the four seasons, created to make the driving experience radically different even in the same landscape.
The same team that delivered unprecedented performance with Xbox One X is deep into architecting the next Xbox consoles, where we will once again deliver on our commitment to set the benchmark for console gaming.
Earlier today we mentioned that Microsoft's Xbox E3 briefing was used by CD Projekt Red to share its first Cyberpunk 2077 game trailer. Beyond new games, though, Microsoft announced the acquisition of four game development studios as well as the opening of a new fifth internal studio.
The Xbox event was packed with cinematic snippets or play of 52 games.
"We embarked on a quest to find creative teams that have the mastery of our art", Spencer said. If you've been constantly putting off an XBox One purchase, this could be the game to finally break you.
"We commit the full breadth of resources at Microsoft to deliver on the future of play". Although new hardware was absent, its conference wrapped up with a brief tease of future Xbox devices in the works.
We often hear these days that Microsoft is on its way to become the next IBM, but the truth is hardware remains very important for the company.