Back at the, Microsoft boasted that it would be producing original shows for Xbox Live, much like Hulu or Netflix are in the US.
It even wheeled out Steven Spielberg to talk about a live-action Halo TV series.
The original Blake's 7 was created by Terry Nation of Doctor Who fame, and ran for four seasons from 1978 to 1981. It was conceived as "Dirty Dozen in Space", and remains a fan favourite thanks to its dark storyline and characterisations.
If the rumours prove true, this could be a high-profile win for Microsoft, luring in an older generation of sci-fi fans who may not have been tempted by a Halo series.
It also demonstrates that Microsoft is committed to the Xbox One as a full entertainment device — and it certainly won't hurt Microsoft's plans for.