They are working on a new IP, without a publisher being involved!

Atsushi Inaba, the head of development (as well as a producer), told GameInformer that they want to make a new IP but without the help/requirements of a publisher (such as SEGA, Activision, or Nintendo).

„One of the things Platinum is focused on is we’re looking into creating our IP, creating our own game. Up until now, obviously, we’ve worked on original IPs for a wide variety of publishers. We’ve also worked on other Hollywood IPs for other publishers as well. But we’re becoming more and more interested in the idea of self-publishing and doing our title.

Over the last year we’ve pretty much opened the company up to “Anybody can pitch a game,” and so over the last year, we’ve gotten about 70 design documents from different people. And if you’re going list out the other random ideas, the scratched stuff on paper, that’s a hell of a lot more. So this year has been about us diluting which stuff we wanted to focus on and not focus on, and drilling down to the point where we now have two designs that we’re genuinely focused on.

We can’t put together an AAA, $10 million-plus game because we just don’t have that sort of cash as an independent developer. However, we don’t plan to go the indies route with just a few people on a team making a game, so it’ll be somewhere in the middle, looking at probably about 20 people on the staff making the game, so that’ll still be a healthy [size]. If you’re going to put 20 people on the development, it has to be something that’s on brand and on topic, and obviously, when people think of the PlatinumGames brand, they expect crazy hardcore action, right? That’s what they’re looking for. And so we have to be reticent about that. We want to surprise them with the fact that we’re doing this independent title and hopefully get support from the fanbase. But we don’t want to surprise them by, say, doing a princess-clothing-making game or something like that. It would not be what people want from PlatinumGames.”

We can see where PlatinumGames (Bayonetta, Vanquish, The Wonderful 101, Anarchy Reigns, etc.) wants to go, but Inaba also said that they’d continue working on AAA games for other publishers. (Such as the Nintendo Switch-exclusive Bayonetta 3.)

Source: GameInformer