Bungie announces Marathon, a PvP extraction shooter in the works for PC and consoles with full crossplay and cross-save capabilities. Here's the Official Announce Trailer with a cinematic introduction. The game does not yet carry a release date, but the Marathon Website is here to help us keep up with development. The announcement mentions this connects to the company's "legendary history," but doesn't point out the connection. Bungie already released a first-person shooter titled Marathon back in 1994. This included some innovations for the fledgling genre, but was a Macintosh exclusive, so most gamers didn't get to play it, though the sequel, Marathon 2: Durandal, did eventually come to PC. There's no indication of how the new Marathon is considered to be connected to the original, if at all:

Today Bungie took the next step in its evolution into a multi-game studio with the announcement of its next game: Marathon, a new sci-fi extraction shooter and the first completely new project from the studio in more than a decade. Marathon is currently in development for PlayStation 5, Xbox Series X|S, and PC with full cross save and cross play, and no release date has been announced. Coinciding with the announcement, Bungie released the first CGI trailer for the game, showing off a first look at the world of Marathon, a glimpse of the player characters—known in game as “Runners”—and the game’s bold visual style.

A PvP-focused extraction shooter set on the mysterious planet of Tau Ceti IV, Marathon will see players inhabit the bodies of Runners, cybernetic mercenaries who have been designed to survive the planet’s harsh environments, exploring the lost colony that once inhabited Tau Ceti’s surface. Players will engage solo or in crews of three, searching for mysterious alien artifacts, as well as for valuable loot and new weapons and gear that they can add to their collection.