A new report by Windows Central Gaming states that IO has teamed up with Microsoft and is in the very early stages of developing a new fantasy-themed IP that will be published under the Xbox Game Studios banner.
This ties in with an interview that IO Interactive CEO Hakan Abrak had with GamesIndustry earlier this month, in which he revealed that the studio had multiple games in varying stages of development.
“It is something our core people, our veteran staff, have been dreaming about for some time,” Hakan said. “Without going into too much detail, we have a third universe that we’re working actively on, which is a bit different and absolutely a love child.”
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Source: Game Spot Mashup