Project Maverick

People Can Fly, the team behind games such as Gears of War: Judgement and Outriders, shared on Wednesday that the company has entered an agreement with Microsoft to develop a new video game based on a work-for-hire contract. The game, codenamed Project Maverick, is based on the “intellectual property rights owned by the publisher” and will be developed with a budget of $30-50 million.

Little else is known at this time. People Can Fly has expanded significantly in the last couple of years, growing with multiple studios around the world with seven games currently in development across over 600 staff.