On November 10, 2018, it was announced that the studio had been acquired by Microsoft and become part of its Microsoft Studios division.[78] Following the announcement of the acquisition, during The Game Awards ceremony in December 2018, Obsidian announced a new intellectual property named The Outer Worlds, an action role-playing game set in an alternate future in which megacorporations began colonizing and terraforming alien planets. The game was released on October 25, 2019, for Microsoft Windows, PlayStation 4, and Xbox One, with a Nintendo Switch release to come in 2020.[79][needs update?]