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S.T.A.G.E. said:

First party means Microsoft owns the intellectual property to the games and its made internally. They don't own any rights to the game except that they paid for the titles development to ensure its exclusivity to the console.


Uhhh no. First party is a term that simply refers the game was published by the manufacturer of the console. Ownership of the IP is something else entirely, especially when you consider licensed games...and not really relevant in this case since MS considers GoW a MGS franchise and always refers to the games in the series as "first party" amongst others from non-owned studios like Harmonix and Frontier

Microsoft Studios has a number of successful core franchises: Halo, Fable, Forza Motorsport, and Gears of War