Microsoft buys Lionhead Studios
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Reuters reports that Microsoft has purchased game maker Lionhead Studios, the British game development studio responsible for the "Fable" video game.
Source: ReutersMicrosoft Game Studios said Lionhead would now develop exclusively for the Xbox 360 and Windows-based PCs.
Video game publishers frequently acquire the external developers that are responsible for their hit franchises, not only to increase their own in-house development talent but also to cut down on milestone and royalty payments that independent developers command as part of making a game.
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