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A Proven Action Developer Looks Ahead
Ninja Theory has built a reputation as a studio willing to take risks within the action genre. While its early years included divisive projects such as Capcom’s Devil May Cry reboot, the team later redefined its identity through the Hellblade series, blending intimate combat with striking audiovisual design and psychological storytelling.
Following the release of Hellblade II, it now appears the studio may already be preparing its next major chapter.
Insider Report Points to Hellblade 3
According to Windows Central, Ninja Theory has reportedly begun work on Hellblade 3. Neither Ninja Theory nor Microsoft has made any public announcement, but the claims is that the project is in early development internally.
While details remain limited, the report also suggests that this new entry may represent a noticeable shift in how the series plays.

A Broader, More Interactive Design Direction
Based on the report, Hellblade III is being designed with accessibility and interaction in mind. Rather than leaning as heavily on cinematic presentation as previous entries, Ninja Theory is reportedly aiming to make the experience feel more overtly game-like.
This does not mean abandoning the series’ psychological focus or narrative depth. Instead, the goal appears to be striking a better balance between storytelling and player-driven systems, potentially broadening Hellblade’s appeal beyond its existing core audience.
Project MARA Reportedly No Longer Active
The report also sheds light on Project MARA, Ninja Theory’s experimental horror project first teased in 2020. According to the report’s sources, Project MARA is no longer in active development, suggesting it may have been quietly shelved as the studio consolidated its focus.
This would align with Ninja Theory prioritising a single large-scale project following its recent releases. As with any unannounced project, these claims remain unconfirmed. However, the timing would make sense given Ninja Theory’s development cycle and Microsoft’s broader first-party roadmap. For now, Hellblade III remains a rumour, but one that feels increasingly plausible.
