Microsoft is planning to share details about its plans to bring Hi-Fi Rush and other Xbox exclusives to PS5 and Nintendo Switch consoles, according to sources familiar with Microsoft’s plans. Details of Microsoft’s multi-platform plans have been gradually leaking, with The Verge revealing over the weekend that the upcoming Indiana Jones game is being considered for PS5. Now, Microsoft is getting ready to outline the future of Xbox next week after a weekend of leaks and uncertainty for Xbox fans.

“We’re listening and we hear you,” says Microsoft Gaming CEO Phil Spencer in a post on X. “We’ve been planning a business update event for next week, where we look forward to sharing more details with you about our vision for the future of Xbox. Stay tuned.”

We’re told Microsoft was originally planning this business update for later this month, alongside an announcement of Hi-Fi Rush for PS5 and Nintendo Switch. After speculation around Hi-Fi Rush, Starfield, and other Xbox games coming to PS5 intensified over the weekend, Microsoft has responded with an announcement of a “business update event” for next week.

Datamined game assets hinted at a release of Hi-Fi Rush for PS5 and Nintendo Switch last week, following rumors of Hi-Fi Rush and Sea of Thieves making their way to non-Xbox platforms.

Now, Microsoft will have to address the rumors head-on and explain its new Xbox strategy and what the future holds for its gaming efforts after the massive $68.7 billion acquisition of Activision Blizzard.