The game will be based on the AMC television series adaptation of the Walking Dead comic.
It will take place prior to the events of to the show, centering on Daryl Dixon and his brother Merle as they fight their way across the Georgia countryside to reach Atlanta.
Unlike TellTale's Walking Dead episodic game, The Walking Dead Videogame will be a first-person shooter.
Players can choose to fight zombies head on or attempt to avoid them using stealth, and will encounter various characters along the way who can help or hurt their progress.
The game is being developed by Terminal Reality, which has previously worked on Ghostbusters: The Videogame and more recently Kinect Star Wars.
The Walking Dead Videogame is tipped to release on Xbox 360, PlayStation 3 and PC some time in 2013.
