Silent Hills under the Kojima regime is no longer in development. Konami have said however that they will be open for collaboration with Hideo Kojima and del Toro in the future.
"Konami is committed to new Silent Hills titles, however the embryonic Silent Hills project developed with Guillermo del Toro and featuring the likeness of Norman Reedus will not be continued," it said. - Gamespot Press Assets
Why cancel something this scary?
I guess the 'real' reasons behind the experditing of such a promising title, we may never know, press spins can be misleading however, what we do know is that firstly, the contract between Norman Reedus (Walking Dead) and Konami had "expired".
“Super bummed about this was really looking forward to it, hopefully it’ll come back around,” Reedus stated a few days after the announcement.
Second, it seems that since the announced departure of Hideo Kojima, the director of the Silent Hills project, a power struggle has escalated within Konami that has threatened the future of not only the Silent Hills brand but other titles as well, including Metal Gear. Konami's top execs are now looking outside of their teams to head their projects.
And finally, it was sheer genius when you look at it from a publicity point of view! We will see another Silent Hills and the hype next time around will be phenomenal.
This is not the end of Silent Hills
Hideo Kojima and Guillermo del Toro’s 'Silent Hills collaboration would produce the worlds scariest, most terrifying horror game to date.
"We will continue to develop the Silent Hill series," Konami stated. The developer will be open to future collaborations between Kojima and del Toro. As far as horror goes, this is a force not to taken for granted.
"In terms of Kojima and del Toro being involved, discussions on future Silent Hill projects are currently underway, and please stay tuned for further announcements," Kotaku.
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