Where is Microsoft Game Studios heading...

[JaggedSac]

Here is a list of owned franchises and properties, I am not sure about a couple of these, as it is from Wikipedia:

Aegis Wing Age of Empires Alan Wake Azurik Banjo-Kazooie Bankshot Billiards BattleTech Black & White Blinx Blood Wake Blue Dragon Brute Force Combat Flight Simulator WWII Europe Conker Crackdown Crimson Skies D.OT.S Fable

Forza Motorsport Freelancer Fuzion Frenzy Gears of War Grabbed by the Ghoulies Halo Hexic Infinite Undiscovery It's Mr. Pants Jawbreaker Jetpac Joy Ride Kakuto Chojin Kameo Kung Fu Chaos Lips Lost Odyssey Magatama

Maximum Chase MechAssault MechWarrior Microsoft Flight Simulator Microsoft Train Simulator Midtown Madness Ninety-Nine Nights N.U.D.E.@Natural Ultimate Digital Experiment Perfect Dark Phantom Dust Project Gotham Racing Quantum Redshift Rallisport Challenge Rise of Nations Scene It? Shadowrun Starlancer Sudeki

Tao Feng: Fist of the Lotus The Movies Too Human Tork Viva Piñata Voodoo Vince Whacked! Zoo Tycoon