“The Last of Us fans. We know many of you have been looking forward to hearing more about our The Last of Us multiplayer game. We're incredibly proud of the job our studio has done thus far, but as development has continued, we've realized what is best for the game is to give it more time.”
The studio confirmed that it intends to continue developing the online portion. Players are also expected to hear about a brand-new single-player project soon. It is quite possible that the studio is working on a new IP.
It seems The Last of Us multiplayer will not be shown at Summer Game Fest, as the event takes place in early June.
It is worth recalling that The Last of Us multiplayer was originally planned to be added to The Last of Us Part II — the developers were working on Factions, which was initially planned as a mode for the 2020 game.