Japanese publishing giant Capcom announced a remake of Resident Evil 3 yesterday during Sony's last State of Play event of the year, with a company called M-Two handling development duties.

As reported by Video Games Chronicle, this is a brand new studio from Platinum vet Tatsuya Minami which was set up over a year ago. The venture is being backed by Capcom and is staffed with former Platinum and Capcom employees.

Minami himself used to be the president of Platinum but left the action developer in 2016. Prior to that he worked at Capcom on the likes of Street Fighter, Resident Evil and Devil May Cry. He departed the Japanese giant in 2006 and founded Odd Ltd, which in turn merged with Seeds to form Platinum.

Capcom also announced that the remake of Resident Evil 2, which launched earlier this year, has outsold the original version which hit stores in 1998.