https://www.gamespot.com/articles/final-fantasy-15-director-starts-new-square-enix-s/1100-6457734/

Hajime Tabata, director of Final Fantasy XV, has been put in charge of a new Square Enix development house. He'll serve as the studio head as well as the Chief Operating Officer of Luminous Productions, which Square says will develop AAA games and innovative game content.

The announcement (via Siliconera) also notes that the core team will be made up of staff from Final Fantasy XV as well. They'll be preparing an announcement regarding their new project for later this year. The official site is setting the tone for its new philosophy with a few slogans: