Bayonetta and Vanquish developer Platinum Games is creating a new PlayStation 3 and Xbox 360 game for SEGA due out this year.
Max Anarchy is an online action game with support for a large number of players, Andriasang reports.
It is Platinum's first online combat game, described by producer Atsushi Inaba as "Massively Multiplayer Melee Fighting Action." An autumn 2011 worldwide release is planned.
Screenshots in Japanese magazine Famitsu show characters wielding chainsaws and torches. Jack from Platinum's black and white (and red) gore-fest MadWorld is a playable character, although this time he will appear in full colour.
SEGA told Eurogamer this morning that more information on Max Anarchy will follow "later this week".
Last December SEGA West's executive vice president of sales and marketing Alan Pritchard revealed the Japanese company would publish another Platinum Games developed title, leading to speculation that Bayonetta 2 was set for a reveal.
SEGA has published each of the four Platinum Games' titles: MadWorld, Infinite Space, Bayonetta and, most recently, Vanquish.