Microsoft recently closed multiple Bethesda studios, including Tango Gameworks, the developer of the well-received rhythm action game Hi-Fi Rush. Xbox executive Sarah Bond, the president of Xbox, recently reacted to and explained the company's decision to close the outfit. The game might have won numerous awards, but the company doesn't have a one-size-fits-all approach to defining success, she said.

Reporter Dina Bass asked Bond this question: "One of the shuttered studios in particular just created a hit game; it did really well on Game Pass in terms of engagement and won a ton of awards. Shouldn't succeeding in that way ensure the future of a studio?"

She was no doubt referring to Hi-Fi Rush, and Bond answered by saying Microsoft takes a number of factors into consideration when attempting to define what "success" is for a given game or project.