Microsoft has released a video today featuring head of Xbox Phil Spencer and Microsoft CEO Satyna Nadella, talking about the future of gaming at the company, and the "importance of gaming at Microsoft and in the world."

You can check out the video above, and Xbox Wire has also transcribed the full conversation, where Nadella highlights that the company is 100% "all-in" on gaming, and he believes they have an "incredible competitive advantage."

"There are really three, I think, areas or key areas where we believe we have incredible competitive advantage. First is our leadership in cloud computing; second, the resources we have to build out the subscription value with Xbox Game Pass; and third is our overall focus on empowering creators.

I’m really excited about the opportunity in gaming."

The two execs then go on to talk about the potential of Xbox Cloud Gaming, along with the success story that is Xbox Game Pass, pointing out along the way that the cloud will "allow us to completely remove these barriers to play worldwide," and "deliver a robust gaming experience to anyone connected to the Internet."

Nadella wraps up the conversation by predicting that a defining trend of the next generation will be "how the balance between consumption and creation is achieved and the changes it brings about," using Minecraft as an example:

"Some of the coolest things I’ve seen over the past year is how people have used Minecraft to create new worlds in order to maintain even a sense of community... They’re expanding that economic opportunity, too. In fact, creators have generated over $350 million from more than one billion downloads of the mods, add-ons and other experiences in the game. And that’s fantastic to see.

We’re very excited about what creators can do going forward with the platform shifts that we are going to have in the next 10 years."

What are your thoughts on the video and Spencer and Nadella's comments? Let us know below.