Tension Builds As Xbox Prepares For Major 'Business Update Event' This Week

It feels like it's been an age since Xbox's Phil Spencer announced plans for a "business update event" to take place this week, but it's actually only been seven days - and sadly we haven't heard much about it since then!

We know a lot of Xbox fans are eagerly trying to find out more details about this Xbox event - such as what date it'll be, what time it'll be and whether it'll be streamed - so we thought we'd take this opportunity to round up all the information.

Nevertheless, here's what we definitely know about Xbox & Microsoft's "business update event" so far:

What Is The Xbox Business Update Event?

Back on February 5th, Microsoft Gaming CEO Phil Spencer revealed that his team would share their "vision for the future of Xbox" at a special business update event. This was in response to various rumours that began doing the rounds online a few days earlier, in which multiple Xbox exclusives were said to be potentially heading to PS5.

Although it's called an "event", we now know that it's actually taking place as part of the Official Xbox Podcast. Phil Spencer will be joined by fellow Xbox executives Sarah Bond and Matt Booty to give us the full breakdown.

When Is The Xbox Business Update Event?

The Xbox business update event will be held during the Official Xbox Podcast at 12pm PT / 3pm ET / 8pm GMT on Thursday, February 15th. There's no word on how long the event is expected to last as of yet.

You'll be able to watch the entirety of it here at Pure Xbox, and we'll recap all the major news as well.

What Are The Rumours About This Event So Far?

How long have you got?! We've seen a lot of rumours and speculation cropping up over the past few days suggesting the likes of Starfield, Indiana Jones, Hi-Fi RUSH and Sea Of Thieves could be crossing over to other platforms, and there's been a bunch of back-and-forth over whether Xbox might be planning to quit the console market!

It's worth taking this with a pinch of salt though, especially considering Phil Spencer apparently told employees last week that Xbox wasn't leaving the console market - and in general it sounds like the situation is being overblown.

Who knows though... we'll find out more details for definite at the business update event this week!

How are you feeling ahead of this business update event? Let us know down in the comments below.