Report
Undead Labs is employee-owned after Xbox announced divestment plans, but CEO retains voting control
Philip Holt tells GamesIndustry.biz studio cash and publishing money can finish State of Decay 3 without outside investors.
TLDR
Undead Labs is now employee-owned following Xbox’s divestment announcement, GamesIndustry.biz reports. CEO Philip Holt says cash and funding from an unnamed publisher can finish State of Decay 3 without outside investors. Employees are being issued equity, but Holt retains voting control despite a minority stake. The transition included September layoffs. The game has a 2027 release window after a development pivot away from an MMO concept.
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