CD Projekt has yet to say whether it will follow The Witcher 3 with a major Witcher RPG. In a slide in its latest investor update, the company declared that "parallel AAA development" will begin in 2022. This statement is quite suggestive, as it is written over artwork for "The Witcher 3" and "Cyberpunk 2077."

But the future is not as clear as the picture: in its latest strategy update video, Adam Kiciński, president and co-CEO of CD Projekt, said that the company is growing its business and working on two "AAA" games simultaneously (it acquired a Canadian studio as one step) but did not mention plans for a new Witcher game, and definitely did not indicate plans for a new cyberpunk game. In fact, CD Projekt has backed away from designing cyberpunk multiplayer games.

"Earlier we had hinted that the next Triple A would be a multiplayer cyberpunk game, but we decided to reconsider this plan," Kiciński said in the video.

Michał Nowakowski, CD Projekt's SVP of business development, also said that compared to past marketing campaigns, CD Projekt will not start releasing trailers and demos until the game is "pretty close" to launch. They may still tease something, but there won't be another trailer or demo for years to come. If there is a new Witcher RPG, CD Projekt has not stated so far.

As for what has been announced, the current cyberpunk roadmap includes "patches and updates," free DLC, and updates to next-gen consoles. CD Projekt is also working on a next-generation update for The Witcher 3, and other Witcher plans include further work on the mobile game Monster Slayer and "further development of Gwent." That is all that has actually been announced.

It is still quite possible that one of these AAA projects will be a Witcher game; it probably won't be The Witcher 4, as CD Projekt has said that the current RPG series is a trilogy and only a trilogy, but the company has announced that in 2019 negotiating a new contract with The Witcher author Andrzej Sapkowski, who has said in the past that he does not intend to stop working on The Witcher.

The strategy update represents CD Projekt as more than a single-player RPG developer. In investor update terms, "world-class AAA RPG" is the first element of CD Projekt's "franchise flywheel" for Cyberpunk and The Witcher. (Where would we be without the Franchise Flywheel?)

With that in mind, there is certainly more in the pipeline than Cyberpunk DLC and a next-gen update for The Witcher 3, and CD Projekt has hinted at other RPG projects before. Cyberpunk's multiplayer is one example that didn't quite live up to expectations, but the specifics of previous teasers may not be so reliable anymore. And with CD Projekt being cautious about early announcements and multi-year marketing periods, we may not know what awaits us until we are almost there.

The full video of the strategy update can be seen here.