Xbox recently announced that it will shut down Ninja Theory, the developer of Hellblade. At the same time, Xbox has registered the "Senua" trademark, suggesting that the intellectual property related to Hellblade may be preserved and continued even after Ninja Theory's closure.
Senua is the protagonist of Hellblade. This trademark registration does not necessarily prove that Xbox has started work on a new title, but it at least indicates that the character and related IP may not disappear with the studio's closure.
Hellblade has a certain level of popularity, but Ninja Theory's releases have had inconsistent performance. What is currently confirmed is that the studio will be closed, while Xbox has not yet announced specific plans for the IP's future.

