Update: Journalist Jason Schreier reports that it's around 40 employees moving from Bungie to form Sony's new studio, not the previously reported 75 staff.
Original Article: The complicated news coming out of Bungie today confirms that there’ll be a new first-party team established under the PS Studios umbrella, as one of the label’s incubated projects is being spun-off. Around 75 employees will switch to the developer, which doesn’t currently have a name. The firm will sit alongside other North American outfits, like Naughty Dog and Sucker Punch.
As part of a blog post, CEO Pete Parsons explained: “We are working with PS Studios leadership to spin out one of our incubation projects – an action game set in a brand new science-fantasy universe – to form a new studio within PS Studios to continue its promising development.”