BioShock 2 in Development by 2K Marin

In Take-Two’s first quarter financial report, the publisher revealed that a sequel to BioShock is currently underway for the Xbox 360, and is being developed by a new studio, 2K Marin.

The game is expected to see release sometime in the fourth fiscal quarter of 2009, and will follow up on the critically claimed original BioShock, which has sold over 2 million units worldwide since its August launch.

During the conference call following its Q1 results, they also confirmed that Levine was still on board for the project, as well as another triple-A Rockstar sequel and a possible new Max Payne title as film production begins to get moving.