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In this case it actually makes sense - MS is not interested in being a video game developer/publisher. They treat XBOX as a service/outlet for other services. It would be in MS favor to just license out IP's to those actual developers willing to make them.

In a few years I doubt MS will exist in the video game industry as they are now... Actually as they were before. They will probably be like steam/ios/apple store. Its where they want to be.