Microsoft announced that 14,000 layoffs are coming and said it would shut down its Xbox Entertainment Studios division. That means Microsoft is giving up on original programming of TV shows for its entertainment platforms such as the Xbox One.
However, Microsoft said that previously announced shows will continue to be produced — including a digital film series and a separate TV show based on its spectacularly successful Halo sci-fi video game series, which has generated billions of dollars and sold 50 million copies.
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