News Summary

• Microsoft is creating a new division under Xbox called XP.
• XP will operate as a licensing pipeline across all of Xbox's major franchises.
• Xbox Pictures will focus on opportunities to bring Microsoft gaming franchises to the big and small screen.
• "Xbox Products" will extend what Kayleen Walters has already done for Minecraft in the form of merchandising and other product lines.
• Microsoft also has a theme park for Minecraft going live in the UK next year, set as a test bed for this type of thing.