Update: Ward has Tweeted that the studio "will make games for all platforms where we can self-publish".
Original report: Criterion co-founders Alex Ward and Fiona Sperry have announced their new game company Three Fields Entertainment.
While it isn't clear from the company's website, Three Fields Entertainment appears to be a new development studio, with the pair looking for multiple members of staff to help create "electronic entertainment".
The pair were best known for their work on the Burnout and Need For Speed series.
Criterion is currently developing a new IP for next-generation consoles.
Source: @AlexanderJWard, threefieldsentertainment.com