Two Silent Hill Titles in Development, According to Report

Sony is working on a pair of Silent Hill titles, according to Rely on Horror; A Silent Hill reboot at Japan Studios and Silent Hills at Kojima Studios.

Konami and Sony Interactive Entertainment are working together on these projects. The report states that Silent Hill has been in development for around a year now and that Keiichiro Toyama and Akira Yamaoka will return to the project.
As for Silent Hills, talks have apparently resumed between all parties they are looking to be all ready to go.

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