Microsoft is now the proud owner of popular gaming franchise ‘Gears of War’, and will reportedly work on developing a new game exclusively for the Xbox One.

The technology giant purchased the Gears of War franchise including “rights to all existing and future games, entertainment experiences and merchandise,” from developers Epic Games. According to reports, the first game under Microsoft’s reign is already in production at Black Tusk Studios in Canada, with former director of production Rod Fergusson overseeing the project.

Gears of War gained fame in the gaming community for showcasing the Unreal Engine’s graphics capabilities as a third-person shooter. The franchise gained a loyal fan following from console gamers, who must surely be excited to hear that last year’s installment, Gears of War: Judgment, would not be the final installment in the series. It is also possible that Microsoft will choose to re-issue previous installments of the franchise at some point along with the release of the new game.