That's that for the Platinum Games-developed action RPG.

Following rumors, Microsoft has officially confirmed that it has ended production on the development of Scalebound, an action RPG previously in development at PlatinumGames for Xbox One and PC and planned for a 2017 release.

The company issued the following statement:

“After careful deliberation, Microsoft Studios has come to the decision to end production for Scalebound. We’re working hard to deliver an amazing lineup of games to our fans this year, including Halo Wars 2, Crackdown 3, State of Decay 2, Sea of Thieves and other great experiences.”

Thanks, IGN and Windows Central.