Update 8:12 p.m.: Kojima further discusses his partnership with Sony in an IGN interview.

Update 8:23 a.m.: Sony has published a Q&A regarding the agreement.

Original 1:02 a.m.: Sony Computer Entertainment and Kojima Productions have entered into an agreement to develop its first software title as a console exclusive to PlayStation 4, the two companies announced.

Kojima Productions is a new, independent studio formed by Hideo Kojima, creator of Metal Gear, who left his former employer Konami as of December 15. Visit its official website here. This is the company’s logo:

“I will be taking on a new challenge by establishing my own independent studio, and I am thrilled to be able to embark on this journey with PlayStation, who I have continued to work with all these past years,” said Hideo Kojima. “I cannot wait to deliver, with PlayStation, a game that will become a compelling franchise.”

Get the announcement video and press release below.