Announced yesterday, Square Enix has created a new games studio in Tokyo called "Studio Istolia." This new studio, interestingly named with an English word and a Greek one, will be run by Hideo Baba, recently known as a producer in the long-running "Tales" series of RPGs. The new studio was announced as a bit of a footnote to the announcement of a new project called "Project Prelude Rune," which will be the first project produced by Baba in the new studio.
Prelude Rune is described as being a new IP for Square Enix, and will be an RPG "unfolding across a vast land teeming with life." This will not be the final title for the game or games produced under this banner. Obviously, as a brand-new studio, not many details about the long-term timeline of the project are available, and many are not likely to be forthcoming soon as the studio has listed staff openings numbering at least fifteen.
A final note, their logo looks like a cross between the Final Fantasy XV Carbuncle and a moogle. So perhaps this new apple is falling not so far from the tree.
, Studio Istolia