Thanks to the L.A. Times, Activision’s new contract with Bungie has been revealed and it has the developer building four “sci-fantasy, action shooter games" from now until 2020. Codenamed “Destiny”, the new universe will also include four expansion packs codenamed “Comet”. While the first game would release as a timed exclusive for the Xbox 360, all subsequent titles will be day in date across the next generation of consoles and PC.

Bungie is entitled to 20-35 percent of their operating income in royalties for each title released. Additionally, Activision will pay out $2.5 million per year in bonuses from 2010-2013, if Bungie continues to reach milestones. There is also a clause that if the first Destiny game scores a 90% or higher on GameRankings.com, they can receive an additional $2.5 million. Beyond that, Bungie has apparently set aside a small team to make another Marathon game, possibly as a digital title. Sounds good, no?