ProbablyMonsters, a developer of game studios and interactive entertainment, has announced its formation under the leadership of CEO and founder Harold Ryan, as well as its first two development studios, Cauldron Studios and Firewalk Studios. Each studio is working on its own “inaugural AAA game franchise” signed by “separate major publishers.”

Described as a “new category of game company for the next generation of gaming,” ProbablyMonsters is neither a traditional developer nor a publisher. Operating behind the scenes since 2016, ProbablyMonsters creates and sustains independently operated development studios, each formed to develop franchises in genres they are passionate about.

“As we enter a new generation of gaming, the industry needs a better model for building AAA studios where game developers can reliably turn their creative vision and effort into exceptional experiences that delight players,” said ProbablyMonsters CEO and founder Harold Ryan in a press release. “Our mission at ProbablyMonsters is to unite, guide, and empower talented game developers in a stable and predictable business environment that respects people, culture, and creativity.”

Find additional details below. Visit the ProbablyMonsters official website here. More information on the company and its studios will be announced in coming months.