Studio Volition ordered to live long. The latest project of this company was the shooter Saints Row , released in 2022. The game turned out frankly bad and, apparently, the Embracer Group decided to sacrifice this asset in order to reduce future costs.
Recall that Volition was created in 1993, since then the company has released several interesting titles. She owns the rights to franchises such as Red Faction and Descent, while the brand changed hands quite often, being sold to one publisher after another.
As for the universe of Saints Row, we are unlikely to see the development of this universe in the near future.