Konami has licensed the Silent Hills IP to a “prominent Japanese developer” according to Video Games Chronicle. The game is also rumored to be announced this Summer, Silent Hill composer Akira Yamaoka previously confirmed that he expects his next project to be revealed this Summer.

It was previously rumored that Konami were meeting with several developers to work on the Silent Hill series, including Supermassive Games, developers of Until Dawn and The Dark Pictures Anthology. Sony Interactive Entertainment have long been linked with a reboot of the Silent Hill series.

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