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At the end of March, news broke about Sony closing down Evolution Studios. The studio was responsible for games like MotorStorm and Driveclub. Early this morning, it was revealed that the entire Evolution team has joined up with Codemasters.

Yes, Evolution Studios lives on under the Codemasters umbrella. Most of the staff is still on board and will actually continue to work from the same offices as before. They will be working on new projects since Sony owns the IP for Driveclub and their other former works along with the engine. It's not yet specified what their new project(s) will be but I'm going to wager a guess that it will involve racing of some sort. Call it a wild hunch.
"We want the team to remain to remain the team that they are," Codemasters CEO Frank Sagnier told GamesIndustry.biz. "We want to benefit from everything that they've learned as a team together, we want them to create their own games. Of course there will be synergies, of course we will share stuff, but we would like to make sure they retain their identity and stay together as a team to do what they're good at. What we don't want to do is bring in a team of 50 people and start having some work on one game and some on another, on existing IP. The whole point is to keep their DNA and build a new game."

This new ownership will also allow Evolution to develop games for multiple platforms, if they so desire.

There is plenty more on this at GI.biz.