Even after the collapse of Telltale Games, it's not a total shock that The Wolf Among Us 2is coming to fruition. I mean, it's surprising – and potentially cool, if all goes well – but not totally out there.
We caught a few short rather inconsequential seconds of teaser footage for the sequel at The Game Awards 2019. As you may or may not remember, LCG Entertainment picked up the rights from Telltale.
Development is being handled at AdHoc Studio and at least some of the former staff are back on.