During a livestream to discuss Unreal Tournament and Unreal Engine 4, Epic Games announced that there will be a new Unreal Tournament, starting development today. In collaboration with veteran UT developers, developers who have the UE4 engine, and gamers can help contribute for what they want to be in the game.
They are developing it for PC, Mac, and Linux. Currently, there are no plans for Xbox One or PlayStation 4. The follow-up statement by the team addresses why that may be, as the game will be “free”. As in totally free, not free-to-play.
You can read more about this announcement on the Unreal blog here: https://www.unrealengine.com/blog/the-future-of-unreal-tournament-begins-today