The new update is 1.4GB on PlayStation 4, and 2.1GB on Xbox One, and is available now. PC players will have to wait until April 8, though after this update PC and console updates will drop at the same time.
The patch adds the new monster variants Raging Brachydios and Furious Rajang, and new armour sets for each. These new types of Brachydios and Rajang, and the new strategies that will be needed to combat them, are discussed in the Developer Diary Volume 5 video.
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Source: Game Spot Mashup