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Technically, there is first party or third party. Second party is just short-hand for "third party studio that works on first party games".

This is interesting, though. Either Remedy is branching out with new teams and a more aggressive plan for the future or they're not currently working on a major project for Microsoft. The latter is kind of hard to believe given the lack of big exclusives on Xbox. Is it possible that they don't consider Remedy games to be worthwhile investments? I admit I have no idea how that last game performed against its budget.