Update: Microsoft has confirmed it will shut down Xbox Entertainment Studios. Full report here.
Original report continues:
Microsoft is said to be reconsidering its original TV programming strategy for Xbox platforms in light of the wider company's restructuring plans.
That's according to a Variety report which follows Thursday's confirmation from Microsoft that it is to lay off 18,000 employees - roughly seven per cent of its total staff - throughout the next year.
While the majority of the cuts will come from the Nokia Devices and Services Business, which Microsoft acquired in April, other divisions will also be hit.
Microsoft executive vice president Stephen Elop said that "with a set of changes already implemented earlier this year" in some teams, "there will be limited change" for Xbox hardware, next generation, Surface and other departments.
Variety sources suggest Microsoft CEO Satya Nadella is expected to significantly trim the number of original TV projects in development at LA-based Xbox Entertainment Studios.
The studio opened in February 2013 with a mission to "create true interactive content for Xbox and other devices that will change the way entertainment content is experienced and delivered".
This April, Microsoft further outlined its plans for original TV programming on Xbox One and Xbox 360, with over a dozen projects said to be in development at the time.
The launch of its first show, a street football reality offering called Every Street United, was timed to coincide with the World Cup in June.
A live-action Halo television series reportedly set to air on cable network Showtime as well as Xbox consoles is expected to continue with Microsoft's backing, Variety claims.