
People Can Fly, the studio behind everything from cult classic FPS games like Painkiller and Bulletstorm to the modern live service shooter Outriders, has announced that it's working on an undisclosed AAA game to be published by Microsoft.
The game, codenamed Project Maverick, has a budget of $30-50 million USD, and Microsoft will foot the bill for its production. In a message to investors (via Windows Central), People Can Fly says the project will Xbox "based on the intellectual property rights" owned by Microsoft, though whether that means the game is based on an existing IP or is set to be a new franchise owned by Microsoft isn't entirely clear.