Game On: New Xbox CEO teases next-gen console, known as Project Helix

“Game On” is The Fly’s weekly recap of the stories powering up or beating down video game stocks.

NEW RELEASES: Among this week’s most notable releases is Capcom’s (CCOEY) latest role-playing game “Monster Hunter Stories 3: Twisted Reflection,” which launches on March 13 for PC, PlayStation 5 (SONY), Xbox Series X/S (MSFT), and Nintendo Switch 2 (NTDOY). Also out this week is Take-Two’s (TTWO) wrestling sim “WWE 2K26,” which also launches March 13 for PC, PS5, Xbox Series, and Switch 2.

PROJECT HELIX: Last week, Microsoft’s new gaming CEO, Asha Sharma, teased the next-gen Xbox, codenamed Project Helix, saying it “will lead in performance and play your Xbox and PC games.” In a post on X, formerly Twitter, Sharma wrote: “Great start to the morning with Team Xbox, where we talked about our commitment to the return of Xbox including Project Helix, the code name for our next generation console. Project Helix will lead in performance and play your Xbox and PC games. Looking forward to chatting about this more with partners and studios at my first GDC next week!”

NINTENDO LAWSUIT: Nintendo has filed a lawsuit with the U.S. Court of International Trade, seeking a refund for the duties it paid to the U.S. government as a result of the tariffs, Aya Wagatsuma of Bloomberg reported over the weekend. The company argues the tariffs paid were “unlawfully collected” and has asked for a “prompt refund,” according to the filing.

SONY/PC: Sony no longer plans to release its big single-player PlayStation 5 games on PC, a major strategy shift that sees it returning to console exclusivity, Bloomberg’s Jason Schreier reported Thursday. Online games will still be released across multiple platforms, but single-player titles such as “Ghost of Yotei” and “Saros” will remain exclusive to PlayStation 5, Schreier said.

‘BATTLEFIELD’ LAYOFFS: Electronic Arts (EA) has cut an unknown number of workers from across its “Battlefield” teams, including staff at development teams Criterion, Dice, Ripple Effect, and Motive, IGN’s Rebekah Valentine reported. Staff are being informed that the terminations are occurring as part of a “realignment” across the studios that work on the first-person shooter series, as the team continues its ongoing, live service support for “Battlefield 6” following its 2025 launch, Valentine noted. All four studios will remain in operation, though the job cuts appear to be impacting a variety of teams across multiple studios and offices, Valentine said, noting that “Battlefield 6” was the best-selling game in the U.S. in 2025.

MORE VIDEO GAME NEWS:

• Capcom (CCOEY) said that “Resident Evil Requiem” surpassed 5M units sold in its first week of availability
• Sony is testing dynamic pricing for games on its PlayStation Store, PSPrices reports
• Microsoft has filed for a patent covering an AI video gaming assistant, Eurogamer says