Xbox Addresses Microsoft's Recent Moves and Plans.

TL;DR Summary
Xbox Game Studios chief Matt Booty has confirmed that Arkane Austin, the developer of Redfall, will not be shut down despite the game's critical failure. Booty acknowledged that there was a failure on his part to properly set expectations for the game, but noted that Redfall is still getting "good play" through Xbox Game Pass. He also stated that the studio is hard at work on updates and continued content for the game.
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