Xbox CEO Asha Sharma announced on October 8, 2026, the creation of XP, a new division consolidating film, television, merchandise, live events, and partnerships for the company's game franchises under one roof.
Led by former Mojang president Kayleen Walters, who transitions from her role overseeing Minecraft's growth from 350 million to over 425 million units sold and serving as executive producer on the 2025 A Minecraft Movie, XP formalizes four pillars: Xbox Pictures for adaptations, Xbox Products for licensing and merchandise, Xbox Places for events and theme parks, and Xbox Partnerships for brand collaborations.
Maria Angelidou-Smith, previously chief product officer at Reddit, steps in as Mojang's new CEO starting October 19, reporting alongside Walters directly to Sharma.
The move aligns with Xbox's broader reset strategy emphasizing major franchises and transmedia expansion, following recent layoffs and studio changes, with existing projects like the Fallout TV series, a Diablo animated series, and Minecraft-themed attractions already in motion.