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At the Unreal Engine launch event, Crystal Dynamics made the final announcement, with Dallas Dickinson, general director of the franchise, announcing that the next Tomb Raider is being developed with Unreal Engine 5. Below is the video of the announcement.
Also on twitter it was announced that Jeff Ross is the new design director, famous for working on projects such as Uncharted: Golden Abyss and Days Gone.
To give you an idea of the potential of Unreal Engine 5, it is a powerful graphics engine which enhances dynamic lighting, shadows and physics, among many other virtues. Below is a technical demo that they used to present this graphic engine. Good times are coming to be a fan of the Tomb Raider saga.