They're seemingly Konami's next in line Team Silent type group of developers, being hired for in-house game production, as opposed to leasing franchises to other studios.
This hopefully means that the Silent Hill IP could be made great again. But we'll just have to wait and see.
www.gamereactor.eu
This hopefully means that the Silent Hill IP could be made great again. But we'll just have to wait and see.
Konami revives Team Silent under new name and direction
The new studio name is very similar to before.