Xbox Entertainment Studios has revealed a new Halo project from 343 Industries and director Ridley Scott, reports Variety.

The new project is said to be more modestly budgeted than the previously announced Steven Spielberg-produced offering.

Ridley Scott and Scott Free TV president David Zucker will exec produce, whilst Battlestar Galactica's Sergio Mimica-Gezzan will direct.

The "digital feature project" will be released in 2014 with more information promised for E3.

Source: Game Informer