"Destiny has always represented a new beginning for our team. It was born from brave possibilities," the announcement post on Bungie's site reads. "We dreamed of a renewed and independent Bungie. We found partners willing to bet big on some crazy new ideas with us."
Destiny is Bungie's "mythic science fiction" open world multiplayer shooter first revealed last November. A beta for Destiny, which pre-orders will get first crack at, kicks off first on PlayStation platforms in the summer of 2014.