Microsoft Studios: All the Xbox games, rumors, and projects in development

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Microsoft's Xbox platform is excellent, but the noise about the quality of its exclusive games is growing louder by the day. What exactly are Microsoft working on right now, games-wise?
As powerful as the Xbox One X is and how versatile and affordable the Xbox One S is, Sony's PlayStation is winning the lion's share of praise when it comes to high-quality exclusive games.
Microsoft responded at E3 2018 by announcing the acquisition of several high-profile studios, including Playground Games, Undead Labs, and Ninja Theory. Microsoft also revealed that it's setting up an all-new studio in the Santa Monica area to take advantage of the wealth of talent in the area, dubbed The Initiative. Many of the projects being worked on by these studios will take time to present themselves, however, with third-party developers doing a lot of the heavy lifting in the meanwhile. That doesn't mean there isn't anything to look forward to in the near term.
So what exactly is Microsoft working on for Xbox in terms of games? Here are all the projects we know about, and a few credible rumors.

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