PlayStation has a new internal studio spun out from Bungie
Briefly

Sony's PlayStation Studios has expanded with the introduction of TeamLFG, newly formed from Bungie's incubation project. TeamLFG aims to develop games that foster social connections among players, offering an immersive experience about friendship and community. Its debut project is a team-based action game, inspired by several genres, set within a comedic science-fantasy universe. Although details like platforms and release dates remain undisclosed, TeamLFG’s mission aligns closely with Bungie's vision for engaging multiplayer experiences, highlighting a shift towards more lighthearted gameplay.
teamLFG aims to create immersive multiplayer worlds that foster friendship and community, making every interaction memorable and impactful for players.
The studio plans to develop a unique action game set in a mythic, science-fantasy universe, blending elements from various game genres to enhance player experience.
Read at Polygon
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