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Obsidian are currently in making the new South Park game
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Nope. Ubisoft is making South Park.
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Obsidian Entertainment is currently working on three projects; the westernization of Skyforge, the free-to-play multiplayer military shooter Armored Warfare, and Pillars of Eternity: The White March — Part II, which is set to be released in January 2016
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So yeah they're not working on Fallout - yet.