In a surprise move today, Microsoft has announced that it has actually opened a new games studio. Following on from last year's Activision Blizzard acquisition, Xbox allowed Toys for Bob to go independent. Now, a new Activision Blizzard studio is opening up to fill the gap.
Elsewhere Entertainment is a newly formed studio looking to develop a “narrative-based and genre-defining AAA franchise”, better yet, this studio will have nothing to do with Call of Duty, so we may actually see something interesting from Activision outside of the Blizzard titles.
Elsewhere Entertainment is based in Warsaw, Poland and naturally, that does mean that some notable talent behind games like The Witcher 3 and Cyberpunk 2077 is now working at this studio. Some former Naughty Dog, Ubisoft and Bungie employees are also part of the Elsewhere team, which is developing its first major project with a team of “expert storytellers”.
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We don't know much else about the project just yet but it would seem that Microsoft is investing quite heavily into it. It seems unlikely that this game will be ready before the end of this current console generation though.