Undead Labs head Philip Holt on the three months after Xbox cut the studio loose

Undead Labs CEO Philip Holt told GamesIndustry.biz about the roughly three months of upheaval after Xbox announced in July it would divest five studios, including his. The studio reached a deal with an as-yet-unnamed publisher and will finish State of Decay 3, set for a 2027 release, using its own cash and publishing money. It registered a new Delaware C corporation and is issuing equity to all employees, while Holt holds a minority stake with super voting rights; layoffs in September brought headcount from just over 100 to under 100.