Rumor: Halo 4 being developed by Gearbox, launch title for Xbox 720 [Update]

The OXM claims to have the inside scoop that Gearbox is working on Halo 4 that will supposedly launch alongside the next-gen Xbox, says Joystiq. If that’s the case then we won’t see it till 2012, according to Lazard Capital Markets. Gearbox head honcho Randy Pitchford was pretty adamant back in February that their new project is going to be big and that, he himself, will direct it.

I’ve started a new project. It’s big. It’s, like, look-at-our-line-up-and-imagine-something-even-bigger kind of big. I’m Directing it myself. I can’t mention it publicly yet. When you find out what this is, you’ll likely agree that I can’t oversell this one.

This makes a bit of sense considering Gearbox handled the PC title, Halo: Combat Evolved. But we’ll have to wait and see when the October issue of OXM hits stands.

Update: Ben Fritz from Variety did a little digging into this and this is what he found.

I checked with a source I have who is close to Gearbox and the best info I can confirm is that Gearbox has definitely had conversations with Microsoft about doing a new “Halo” game and is very excited at the prospect. However, last my source heard, there was no deal in place. So as far as I can tell, it’s quite possible Gearbox will be doing “Halo 4,” (or whatever they end up calling it), but it’s not a certainty yet.