Hello and welcome to our live coverage of today's Xbox business update, where we expect Microsoft to lay out some form of plan for launching first-party Xbox games on Nintendo and PlayStation platforms.
The news is set to drop in the form of a podcast published at 8pm UK time - that's 3pm Eastern, or midday Pacific. Join us as we listen and react to all the details. We're expecting to hear from Microsoft gaming boss Phil Spencer, Xbox president Sarah Bond and head of Xbox game studios Matt Booty - the company's Triforce of gaming top brass - as they lay out how the company will handle Xbox exclusives in the future.Spencer says Xbox's answer is the same as it has been over the past decade - growing the Xbox business to new players.
There's a few things at play, but likely factors include Xbox hardware selling less than PlayStation, subscription service growth slowing across the board, and the recent purchase of Activision Blizzard. All of these add pressure on Xbox's bottom line - something we're also seeing, very sadly, in theIt is definitely unusual - but then this is an unusual and potentially tricky moment for Microsoft to message.