This split comes after People Can Fly has spent two years developing their new title.
Outriders

Outriders developer, People Can Fly, announced that they and their current (now previous) publishing partner, Take-Two, are parting ways. Take-Two was set to publish People Can Fly's upcoming game which is currently codenamed Project Dagger.

People Can Fly posted the news on their own website earlier today. In the announcement, they say that they received a letter from Take-Two talking about their "intent to terminate the development and publishing agreement by means of mutual understanding between the parties." As part of this split, People Can Fly can retain the intellectual property rights to Project Dagger. This means they can either self-publish the game once complete or seek out a different publisher.

Unfortunately for People Can Fly, they must now pay Take-Two back for the money received during these past two years of development on Project Dagger. The details on just how much this is or when repayment must be made were not revealed yet. Arrangements on repayment will be made depending on when or if Project Dagger is released.

“I assume we will part on good terms, and I don’t see reasons why we couldn’t work with Take-Two on some other project in the future. We strongly believe in the Project Dagger’s potential and are now committed to continue its development within our self-publishing pipeline. The game is still in pre-production – our team is now focusing on closing combat and game loops and migrate from UE4 to UE5. I’m conscious that this decision will add investments on us, but self-publishing is part of our strategy. Of course, we are not ruling out working with a new publisher if this creates a compelling business opportunity.” – says Sebastian Wojciechowski, CEO of People Can Fly.
People Can Fly say that Project Dagger is just one of seven projects that the studio is currently working on. Something called "Geminin" is a new project with Square Enix, the studio that published Outriders. Biforst and Victoria are projects that they will self-publish. Project Red is currently in the concept phase. They are also working on two VR projects, one of which is Green Hell VR and the other is a new project based on the studio's current IPs.

Project Dagger is said to be a new action-adventure IP. Not much else is currently known about this game.