Rare and Lionhead are Crown Jewels
Phil Harrison, Microsoft Studios Europe, in an interview with Eurogamer:
We are very fortunate in having Rare and Lionhead in the UK as crown jewels of Microsoft Studios.
Rare is working on a couple of things at the moment, which we will announce at the right time. But I’m really excited by the things they’re doing and I believe you will be as well when you hear about them.
At E3 2014, Nintendo won over the hearts and respect of longtime fans by investing in first-party favorites, doubling-down on the Mushroom Kingdom, and acknowledging classic IP. Microsoft is not blind to the effectiveness of this move.
Killer Instinct was rebooted last year and Conker is making his way into Project Spark. My suspicions still lie here.