Xbox |OT|

[Ryuu96]

People Can Fly (Bulletstorm, Outriders) working on codename "Project Maverick" based on a Microsoft IP with a $30-50 million budget https://t.co/z3VZOabApT pic.twitter.com/XspSTTxiOK

— Wario64 (@Wario64) June 14, 2023

Technically Xbox doesn't publish anything now unless they own the IP so I'm not sure if this means it's based on a Microsoft IP because they own it or it's based on a pre-existing Microsoft IP.