• Posted August 27th, 2008 at 15:01 EDT by
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According to the October issue of EGM, the developers behind the infamous Grand Theft Auto IV franchise are hard at work on a new PlayStation 3 exclusive.

The PS3 exclusive was revealed to be in the works last year by SCEA's Michael Shorrock, director of third-party relations. He stated that the game has yet to be officially announced, cutting out the possibility of the new title being Rockstar's L.A. Noire.

"We are announcing that a new franchise from Rockstar Games will be exclusive to PS3. As part of our long standing relationship with Rockstar, and the incredible success for both companies with the cultural icon that is Grand Theft Auto, we’ve agreed to the PlayStation exclusive rights of the next great franchise from the Rockstar studios," said Shorrock.

"Rockstar really wanted to make a game that you can truly only do on PS3, harnessing the power of CELL and Blu-ray disc and this deal lets them do just that."

What could this new game be? Guesses range from reviving Red Dead Revolver to Grand Theft Auto V, although chances are the new PS3 exclusive will likely be a new IP. Stay tuned for more information.