Led by Davide Soliani and Christian Cantamessa, the studio has been established with funding from Krafton and 1Up Ventures.
"I don't think it's going to be completely open world, but a more dynamic environment [that] you play in," says Maria Park, Krafton's head of corporate development.
Krafton has announced that it has entered into a licensing agreement with Pocketpair, which will see the former's PUBG Studios developing a mobile version of Palworld.
Krafton now owns Tango Gameworks and the Hi-Fi Rush IP, but the studio's other properties will remain under Microsoft ownership, it's been confirmed.
Shortly after being shuttered by Microsoft, Tango Gameworks is being revived by Krafton, with plans to expand the Hi-Fi Rush IP also in place.
Developer Unknown Worlds Entertainment could have an announcement soon regarding early access for the sequel, which begins in 2025.
Octopath Traveler and Octopath Traveler 2 have already been added to the subscription service's catalog of games.
The Games-as-a-Service remark by Krafton apparently meant that Subnautica 2 would just get continuous updates after release.
The sequel will take place on an "entirely new" alien planet and utilize Unreal Engine 5 for "stunning stylized graphics."
A job ad has revealed that Striking Distance Studios has a major new project in the works.
"Your recent excitement for the next game in the Subnautica universe has been infectious," says developer Unknown Worlds.
The survival adventure is a "major pipeline" title for publisher Krafton. An official announcement from Unknown Worlds is still pending.
All three games will be available for subscribers to claim from October 3rd to November 6th, and are playable on PS4 and PS5.
The Callisto Protocol and Farming Simulator will be two of PS Plus Essential's three free offerings for October, a reliable leaker has claimed.
Striking Distance Studios' CFO and COO are also leaving the company, with chief development officer Steve Papoutsis taking over as CEO.
Striking Distance Studios has made a statement, calling the layoffs a move to realign its priorities for current and future projects.
Fight against progressively tougher waves of enemies, earn Credits to buy and upgrade weapons, and compete for a high score.
The latest update for The Callisto Protocol now finally allows players to skip its cutscenes.
Season Pass owners can explore a higher difficulty mode with fewer resources and harsher deaths while getting new skins.
Get ready for a new difficulty mode which hopes to bring an "ultimate survival horror experience" to The Callisto Protocol in its latest DLC release.
