Game developer/publisher Deep Silver has announced via Twitter that once Crytek-owned formerly defunct developer Free Radical Design will be resurrected as a first party studio under the Deep Silver umbrella.
Along with that announcement comes the news that the TimeSplitters series will also return and will be overseen by game Co-founders of the original Free Radical Design studio Steve Ellis and David Doak.
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No details were shared other than development on the newest entry in the TimeSplitters series has not yet begun, and there will be more news in the future.
TimeSplitters is a first-person shooter series which draws comparisons to classic games such as Goldeneye 007 and Perfect Dark, but with the twist of time travel which covers a vast number of periods throughout history. The last entry in the series, TimeSplitters: Future Perfect, was released in March of 2005.
Source: Deep Silver Twitter Page