Wait, I thought Microsoft opened a new studio in Osaka, Japan working on a new IP (possibly an RPG) or maybe a sequel to one of their dormant IPs (Lost Odyssey)? Now Spencer says it doesn't exist? That's... disappointing. :(
Also, Phil Spencer says he wishes Microsoft funded Titanfall so they owned the IP. Wants to invest more in new IPs. Also, won't fund Shenmue 3 due to being "Sega's game".
http://www.dualshockers.com/2014/02/01/microsofts-phil-spencer-wants-to-fund-games-to-build-owned-ip-portfolio-denies-existence-of-osaka-studio/
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