Today during a PAX Prime panel, Gearbox Software CEO Randy Pitchford revealed that the studio is working on two new franchises for the next-generation of consoles.

These are in addition to other new projects the company is working on, Pitchford said. During the panel, Pitchford joked, "Should we announce Borderlands 3?"

Gearbox Software confirmed last year that Brothers in Arms: Furious Four will be reimagined as a new IP.

Also during the panel, Gearbox Software gave new details about its 2013 Community Day event. This year's event will take place on September 14 and will be streamed online.

Those who purchase the "digital bonus pack" for the Community Day event will be able to stream the event in high definition and will receive access to a closed beta for one of the upcoming Gearbox Software games. In addition, these users will receive a free download of Homeworld HD.

A price for the bonus pack was not announced.

Borderlands 2 was released in September 2012 and has shipped over 7 million copies to date. A Game of the Year version will be released in October.