Microsoft Acquires Four Studios and Opens a New One By Kelly Packard, 10 Jun 2018 CommentsMicrosoft's E3 conference has brought not just game announcements, but also exciting industry news for players interested in the company's hold in the gaming world. Onstage, Phil Spencer announced that Microsoft has acquired four existing and highly rated development studios: Playground Games, Ninja Theory, Undead Labs and Compulsion Games. The tech giant has also opened up a new studio in Santa Monica, California called The Initiative.Players know Playground from Forza Horizon series, Ninja Theory from Hellblade: Senua's Sacrifice, Compulsion from Game Preview title We Happy Few, and Undead Labs from the State of Decay series.This means Microsoft also gets the benefit of not just the Forza Horizon series but the open-world action RPG that Playground announced they were working on late last year. As for Compulsion, a new trailer was released for We Happy Few at today's conference, and the release date was announced.According to The Initiative Studio Head Darrell Gallagher, the new studio has "been given the freedom to explore, try new things and operate like an independent studio, with the backing from one of the biggest companies in the world to do something bold and different." With so many studios now under their wing, will Microsoft perhaps start churning out exclusives at a much higher rate? We'll have to wait and see.Industry NewsVideoXbox One Written by Kelly PackardIn a few descriptors: college student, longtime gamer, writer and junk food enthusiast. I contribute to TrueAchievements as a news writer and reviewer. Usually, you can find me knee-deep in a multiplayer game while ignoring my growing backlog or on one forum or another discussing all things gaming.