Take-Two recently released its most recent earnings report, which also revealed that the developer cancelled an unannounced project worth $53 million. According to Bloomberg's Jason Schreier, the game was being worked on by Hangar 13, the developer of Mafia III.
According to Schreier's report, the game has been in development in "various forms" since 2017 and was codenamed Volt. Reboots, technology issues, and "challenges caused by Covid-19" hampered the game's performance. While the sources declined to be identified because they are not authorised to speak publicly about the game, the report does state that the title would have featured "superheroes competing in online gameplay."
There's no way of knowing what the game was, though some rumours suggest it was another Marvel title, given that 2K Games is currently working on Marvel's Midnight Suns. There's no way of knowing what game this was though this was definitely not Bully 2 or Mafia 4.
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