Microsoft released an official statement today explaining that the Platinum Games developed Xbox One exclusive Scalebound has been cancelled.
Specifically, Microsoft had this to say on the matter:
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.