Microsoft to acquire ZeniMax Media
That’s right, Microsoft has announced this morning that it has entered into an agreement to acquire ZeniMax Media for a cool $7.5 Billion (USD).
Not familiar with the name? Maybe you’ll recognise some of the company’s subsidiaries such as Bethesda Softworks (Elder Scrolls, Fallout), ID Software (Doom, Quake) and Arkane Studios (Dishonoured) to name a few.
This is BIG. Not only will these games and their studios now be under the Microsoft Game Studios umbrella, bumping it from 15 to 23 studio teams, it also opens up a whole lot more games for Microsoft to include in their Xbox Game Pass service as well potentially a number of console exclusive titles for the upcoming Xbox Series X (and S).
Like us, Bethesda are passionate believers in building a diverse array of creative experiences, in exploring new game franchises, and in telling stories in bold ways. All of their great work will of course continue and grow and we look forward to empowering them with the resources and support of Microsoft to scale their creative visions to more players in new ways for you.Phil Spencer – Head of Xbox
While these studios will be under Microsoft, existing exclusivity deals for the PS5 will be honoured and future releases for Playstation will be “assessed on a case by case basis”.
Bold move by Microsoft, but one I think will pay off in the long run.
For more information, click here to read Phil Spencer’s announcement post.