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The recent resurgence of Banjo-Kazooie isn’t surprising, thanks in large part to the friendly releationship that Microsoft and Nintendo have. Banjo-Kazooie is playable in Super Smash Bros. Ultimate, and the first Banjo-Kazooie game is currently available to play on Nintendo Switch Online + Expansion Pack’s Nintendo 64 library.
However, despite all the attention and announcements that the franchise has seen in the past 5 or so years, there hasn’t been a new Banjo-Kazooie game in many years. In fact, there’s quite a few Microsoft franchises that have gone dormant for a long time. Xbox head Phil Spencer addressed this in an interview with Windows Central, saying that “you’ve seen from our history that we haven’t touched every franchise that people would love us to touch — Banjo fans, I hear you. But it is true that, when we find the right team, and the right opportunity, I love going back to revisit stories and characters that we’ve seen previously”.