Ueda left Sony in December 2011, although he remained under contract to finish work on "The Last Guardian". Around mid-2014, he formed GenDesign (stylized as genDESIGN), made up of former members from Team Ico to help complete development of "The Last Guardian". At E3 2015, "The Last Guardian" was announced for release on October 25, 2016, but was later delayed to December 6, 2016. In September 2018, Ueda revealed that the studio was at the prototyping stage of designing a new game, supported with funding from the investment fund Kowloon Nights. In March 2020, Epic Games announced that they would be fully funding development of it, with the two companies splitting profits in half.