It's coming. (Courtesy of Microsoft)

Halo fans, you've got another year before you need to upgrade to the Xbox One. On Friday, Microsoft announced that it will launch the next installment of its core Xbox franchise in the fall of 2015. The game, called "Halo 5: Guardians," will only be compatible with the Xbox One.

But, as they say, that's not all. As part of a larger effort to expand the Halo universe, Microsoft is also preparing to launch a stand-alone Halo television series in collaboration with Steven Spielberg, an effort the company first announced at last year's Electronic Entertainment Expo. The TV show, written by 343 Industries general manager Bonnie Ross, will have a unique story line but will "complement and enrich" the game experience.

As for the game itself, Ross said that the newest installment of Halo will be fully retooled to take full advantage of the next-generation hardware on the Xbox One to "create worlds and experiences worthy of next-gen."

The developers at 343 Industries promise that "Halo 5: Guardians" is going to be grander in scope and scale than "Halo 4," which hit store shelves in November 2012. "Halo 4" was a major test for 343 Industries, which operates in-house at Microsoft, after the group took over the franchise from its original creators at Bungie.

"Halo 4" earned high praise for deepening the storyline of the franchise -- a move that forecast the efforts to pump up the storyline in other projects.

While the new game isn't launching for more than a year, Ross promised that there will still be something for Halo fans to cheer about this year. According to the company's official blog post, Microsoft will reveal more details about what's in store for the Halo franchise in 2014 at this year's E3, though it didn't tip what, exactly, that will be.