This is mainly notable because it makes Bill Gates and Microsoft's corporate braintrust the first @$$clowns to be unable to run a studio and make a profit in this town since MGM folded in late '70s/early '80s.The LA Times reports the computer giant will be closing most of that Calif.-based production facility, part of an expected 14,000 jobs reduction.
Launched in 2012 with big expectations, Xbox Entertainment Studios will wind down operations in the coming months. Nancy Tellem, the former CBS President and Jordan Levin, a well-regarded programmer, will see through some current projects in development before exiting.
When Michael Moore can make a profit and Bill Gates can't, the world is upside down.