February 9, 2023 Krafton has confirmed to The Loadout that PUBG Studios is developing its upcoming game Project Black Budget. The headline and body of this article has been updated to reflect this.
Publisher Krafton has revealed in its latest earnings report that one of its upcoming projects will look to capitalise on the extraction shooter trend, and it also confirms that PUBG Studios will be developing the project. Codenamed Project Black Budget, it could look to tussle with Escape From Tarkov and Call of Duty Warzone 2's DMZ experience.
In its previous earnings report in November 2022, Krafton revealed that it was in the process of developing Project Black Budget, which at the time it simply described as a new "PvPvE looter shooter". In this new report, Krafton confirms that this project will aim to "popularise the extraction shooter genre" by drawing on its experience with PUBG, suggesting it will be closer to things like Tarkov, Marauders, or DMZ than something like Destiny 2 or Outriders.
The logo for PUBG Studios appears beneath the description of Project Black Budget in place of the concept art that is shown beneath Krafton's other upcoming games. After spotting this, The Loadout reached out to Krafton for clarification as to whether this is indeed a new project from the PUBG developer, and received the following confirmation:
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