We haven't heard much about the future of Gears of War, but that's probably because Epic Games decided it was done with the generation-defining franchise. Microsoft has purchased the property from Epic, and Vancouver-based Black Tusk Studios is handling the next game.
Black Tusk is new, and hasn't released a game yet. Its take on Gears of War will be Black Tusk's debut, but it will have some solid help in Rod Fergusson, the former director of production at Epic Games.
There are no details on the new Gears of War game. We only know there's another one coming, and it certainly wouldn't be surprising to hear it's the start of several new games.
We do know that former designer Cliff Bleszinski will not be involved. Bleszinski blogged about the news earlier today, wishing the new team well.
"My headspace is in the future now, not the past," he said. "I have come to realize that until you give people something new to focus on they will obsess about the past. (good problem to have!) To those of you who love Gears, I love you as well, and I appreciate your support through the years. The fandom, the cosplay, the tattoos, it all means more than any amount of money could ever mean. These recent events have steeled my resolve to make something entirely new."
As for Epic Games, the company continues to work on Fortnite. The studio confirmed today it has several games in development, but was not willing to disclose any details besides that.