At E3 2018, there was an announcement by Microsoft saying that the company arranged with four independent studios to start its first-party development. Ninja Theory, the studio who developed Hellblade: Senua’s Sacrifice and DmC: Devil May Cry, was one of the studios mentioned. From that point, there haven't any more news about the title that they were working on. However, according to a Friday morning leak, players are about to know what the upcoming title by the studio is: Bleeding Edge - a 4v4 online multiplayer action game.
The news was actually posted on Twitter by user @Nibellion. It seems to be a captured video of a pre-show cut with the mark "confidential". This video features a quick look at the gameplay and a brief introduction of some major characters such as Daemon and Buttercup, which gives the audience an obvious vibe of DmC. However, this is quite understandable because Rahni Tucker, the combat director of DmC, was announced to work on this project.
If the rumors and leaks are true, Bleeding Edge would be a new start for Ninja Theory - the studio that has been known for only developing single-player titles so far. With the little information we got, it does seem like the studio will be able to maintain its compelling and brassy action style like what it has done in previous titles. Players could totally expect an enjoyable experience for this upcoming online battle.
In the video, a technical alpha is reported to release on June 27. But it seems we need to wait for its official announcement at E3 to be sure about this schedule.
On the other hand, Microsoft still keeps silent on this matter.