This comes alongside word that Haden Blackman is departing the studio.
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Hangar 13, the 2K owned studio, is reportedly working on a new Mafia title. This news come alongside word that studio lead Haden Blackman is parting ways from the company. Hangar 13 chief operating officer, Matthew Urban, has also parted ways from the studio.

Haden Blackman joined Hangar 13 in 2014. He and his team oversaw the production of Mafia III. They also led development of the more recent Mafia remake/remaster trilogy. Today's announcement came via an email sent out to Hangar 13 team members by 2K and shared to the public by VentureBeat.

Hello team,

It’s with mixed emotions that I share with you several leadership updates from Hangar 13.

Haden Blackman is stepping down as Studio Head of Hangar 13, and is leaving the company to pursue his passion at a new endeavor. We are grateful for Haden’s leadership in establishing Hangar 13, building and uniting teams in Novato, Brighton and Czech, and releasing multiple studio-defining Mafia games and collections. What Haden helped build will continue to carry forward and grow for years to come. We support all of our employees pursuing their passions, and we wish nothing but the best for him in what’s next.

Nick Baynes, Studio Head of Hangar 13 Brighton will take over as Studio Head of Hangar 13. With 30 years of industry leadership experience, Nick joined Hangar 13 in 2018 to establish Hangar 13 Brighton, and has spent the last four years growing the team, building up the studio’s capabilities, and launching terrific projects like Mafia: Definitive Edition and the Mafia Trilogy.

I hope you’ll join me in thanking Haden and wishing him the best, and congratulating Nick on a well-deserved promotion. While change can be challenging, it can also breed new opportunities and success.

We are confident the studio is in great hands heading into the multiple projects currently under way, and the team has 2K’s full support.

Additional reporting by Kotaku says that Hangar 13 is working on a new entry in the Mafia franchise. This new project is being led by Blackman's replacement, Nick Baynes. According to "a source familiar with the plans," the game is codenamed Nero and it is expected to be a prequel to the Mafia trilogy.

This alleged Mafia prequel will be built on Unreal Engine 5 instead of using the Mafia III engine, which was recently used for the remasters.