https://www.gamespot.com/articles/microsoft-on-the-future-of-the-fable-series/1100-6454451/

In March last year, Microsoft made the announcement that it was closing long-running British studio Lionhead, which made the Fable and Black & White franchises, among others. The closure of the studio also meant that the Xbox One and PC game Fable Legends was being canceled. A digital card game called Fable Fortune was released, though this game was released by an outside studio (with support from Microsoft, which owns the Fable rights). But will there ever be another mainline Fable game? That remains to be seen, but if Microsoft were to bring it back, that would please Xbox boss Shannon Loftis, who heads up Xbox's first-party publishing team.

She told GameSpot this week as part of her PAX Aus travels that Microsoft loves Fable as a franchise. One of the main reasons why Loftis moved to England years ago was to help lead the production of Fable II.