Microsoft Studios corporate vice president Phil Spencer has told Polygon that Rare will be bringing back an "historic" franchise for the Xbox One. The game will be shown at E3 this year and Spencer believes it will be important for the Xbox One's success.
"Fans of Rare and Rare IP I think will be pleased with what we're going to show at E3," said Spencer. "We had a limited amount of time today and a lot of story to tell. But Rare remains an incredibly important part of our development capability. That historic IP that they've built I think can play a real important role on Xbox One."
Microsoft purchased Rare 11 years ago and Microsoft gained the rights to Banjo-Kazooie, Conker, Killer Instinct, and Perfect Dark. Rare did release a Perfect Dark and Banjo-Kazooie title on the Xbox 360. Microsoft did renew the Killer Instinct trademark in September 2012.