This new IP from the Halo creator "represents tremendous long-term potential" for Activision. They "can't share the specifics" with us today.
This announcement, which shouldn't shock many people at all, came from Activision's fiscal call for their fourth quarter. "Bungie is one of the world's most gifted developers with one of the best track records in the industry," said CEO Eric Hirshberg.
"Although the title's not expected to launch this year, Bungie's new universe represents tremendous long-term potential for Activision Publishing."
Hirshberg said he "can't share the specifics of the game with you today", but he did add, "this is one of our key strategic growth initiatives and we're setting the stage for this product now." Extremely little is known about Bungie's post-Halo project.