Life is Strange, a story-driven episodic adventure from Dontnod Entertainment and Square Enix, debuted its first chapter last month to fairly positive reviews. Since then, there have been rumors that episode two would be delayed, and some publications reported this is a confirmed fact. Thankfully, it looks like this is not the case, as the official Twitter page has denied the rumors. Development of Life is Strange episode two (titled Out of Time) is "on track" and its expected to be released in March as planned. 

Delays are common when transitioning from one console generation to another, and we've seen some big name titles pushed back recently, but it looks like developers are starting to get the hang of the new hardware. Xbox boss Phil Spencer recently tweeted that four big games from Xbox One's Fall lineup (a mixture of both first and third-party games) are already playable now, meaning the developers have plenty of time to polish them before they launch. Additionally, Spencer said that we'll see announcements for some of these games before E3 in June, so we'll be on the lookout for the reveals!

According to sources close to Kotaku, a new Guitar Hero game is in development for PlayStation 4 and Xbox One — the likes of which will supposedly be announced at E3 this year. The title is rumored to take on a "more realistic" approach, suggesting that in-game musicians and fans will resemble real people rather than more cartoonish portrayals found in past games.

A recent report from Nielsen, a company that specializes in analyzing consumer behavior, relates ownership between current- and last-generation video game consoles. The data shows that 91% of PS4 owners, 88% of Xbox One owners, and 93% of Wii U owners have at some point been in possession of a last-gen console. It also shows which consoles were owned by these demographics. Interestingly, more PS4 gamers have had a Wii in the past than a PS3.

View the full report after the jump.

A recent study from Nielsen, a company that studies consumer trends, shows the top reasons why gamers have purchased the current-gen platform of their choice. The report surveyed a number of console owners aged 13 and up. The results show that the largest factors influencing people to buy the various current-gen systems are graphics for PlayStation 4, brand for Xbox One, and fun-factor for Wii U.

Head past the jump for the full report.

Despite rumors of a potential release date being announced soon, Metal Gear Solid V: The Phantom Pain might take a bit longer to finish. According to Hideo Kojima, the amount of freedom given to you in MGS V could lead to incoherence in gameplay. Kojima tries to explain as best he can on his Twitter account. 

Read more after the jump! 

The Final Fantasy XV hype has been building up for months now, and today Square Enix took it up another notch with a huge video presentation for the game. There's new Xbox One footage of a player exploring the game's vast, beautiful overworld on the way to a dungeon, PlayStation 4 footage of the dungeon itself, and a documentary video called World of Wonder that focuses on the game world and its animals. You can catch these clips along with the entire Active Time Report Broadcast (including another look at Final Fantasy Type-0 HD) by clicking below!

Earlier, we learned that Tantalus' latest Wii U port should be releasing sometime this year; during the same podcast, the developer also teased another project.

During the Fragments of Silicon podcast, Tom Crago stated that Tantalus is working on another port; this time, they are porting a game from the Wii U to the PlayStation 4, Xbox One, and PC. He was able to say that the game will release this year, but he did not elaborate on what game it might be. Head inside for Crago's full quotation.

Turn 10 Studios and Universal Pictures are teaming up to create Forza Horizon 2 Presents Fast & Furious, a standalone expansion to Forza Horizon 2. The expansion is set before Furious 7 and sees the player take the role of a driver who sources vehicles to mechanic Tej Parker. Forza Horizon 2 Presents Fast & Furious is set to release on March 27 for Xbox One and Xbox 360. As a promotion for Furious 7, which releases in theaters on April 3, the game will be free until April 10, at which point the price will be set at $10. You can check out the short teaser after the jump!

Since its initial reveal last month, a 2015 release date has been expected for the Xbox One exclusive Forza Motorsport 6. Whether it would release similarly to its predecessor or follow last year's Forza Horizon 2 has been debated, but now we have an answer. Microsoft's Director of Marketing for Xbox, Aaron Greenburg, has announced that the Forza Motorsport 6 will release "this holiday," which generally translates to November or December. Greenburg was also sure to point out the other Xbox One exclusives releasing alongside the popular racer, being Rise of the Tomb Raider, Fable Legends, and Halo 5: Guardians.