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Last night at Sony's E3 press conference, Sony chief Shuhei Yoshida publicly thanked The Last Guardian director Fumito Ueda for his work on the project and promised the long-delayed game would see release in 2016.
Shortly thereafter, Ueda (who left Sony in 2011 and continued working on The Last Guardian as a contractor) took to Twitter to hype his new studio: GenDesign, a Tokyo-based indie outfit staffed by former Team Ico developers like Ueda.
The studio is still staffing up, and Ueda noted on Twitter that it's been operating since the summer of 2014.