Phil Spencer says company planning a Xbox 'business update' next week

Amid swirling rumours that Microsoft is going to bring its exclusive franchises over to Sony and Nintendo's consoles, Head of the Xbox division Phil Spencer tweeted that the tech giant is planning a "business update event for next week".

We're listening and we hear you. We've been planning a business update event for next week, where we look forward to sharing more details with you about our vision for the future of Xbox. Stay tuned.

— Phil Spencer (@XboxP3) February 5, 2024

Also read | India will be unstoppable with global AI shift, says Microsoft’s Puneet Chandok

According to the publication, Microsoft is planning to launch Starfield on PlayStation 5 sometime after the Shattered Space expansion. Starfield may not be the only franchise making the jump either.

Supposedly, the well received Hi-Fi Rush, console flagship Gears of War and the upcoming Indiana Jones and The Great Circle may also see releases on rival platforms. Rare's Sea of Thieves is also on the menu.

Fans reactions have been mixed. While many have bemoaned the loss of exclusive franchises from the Xbox platform, others are looking forward to the move.