According to VentureBeat's news report, Hideo Kojima and Microsoft are planning "to work out the details on a publishing agreement for a new Xbox game."
Signing a letter of intent is a crucial step in the negotiation process between the two parties. They have been discussing the partnership for the past few months, and the latest update on their collaboration indicates that Hideo and Microsoft's project is moving forward. Neither of the two has announced the negotiation is even happening so the official news from Hideo Kojima and Microsoft is yet to come.
Considering that last week Portal developer Kim Swift joined Microsoft to work on cloud games for Xbox, some say the new project might be related to cloud gaming as well.
Hideo Kojima is a video game designer, director, producer, and writer behind the majority of the games in the Metal Gear series. Hideo's latest game Death Stranding was released in 2019 and won multiple awards, including "Best Game Direction" and "Best Score/Music" at The Game Awards 2019 as well as "Outstanding Achievement in Audio Design" and "Outstanding Technical Achievement" at the 23rd Annual D.I.C.E. Awards. Later that year, Hideo Kojima announced that Kojima Productions was going to shift to making films.
With that in mind, the latest news about the game developer's partnership with Microsoft sounds even more intriguing. Whether it is going to be a picturesque cinematic cloud game or something else, the project the two parties are working on is going to be next-level.