Ubisoft have revealed the details of the rumoured Bloody Good Time as a new online delivered title from Outerlight for Xbox Live Arcade and Steam.

Like Outerlight's previous game "The Ship", Bloody Good Time will also be powered by Valve Software's Source Engine, here's the story so far:

Bloody Good Time puts players on a Hollywood set, where they get to choose their thrill. From a spring-break beach house, to a horrifying Vegas hotel, players will discover the merciless world of movie studios where anyone can star in a scary Hollywood blockbuster film. There is an option link up to eight players online in this first-person shooter and to have a multiplayer experience like no other.

In Bloody Good Time, players can be as devious as possible by maiming and killing other competitors in nasty and unexpected ways. Players can use an arsenal of wacky weapons including guns, a frying pan and even an exploding remote-controlled rat to transform the movie set into real mayhem. In addition, players will be able to choose from a variety of stereotypical B-movie characters, such as the bikini beach babe, the creepy clown and the super jock.

Watch the debut cinematic here on AusGamers and check out this game page for the first screenshots and poster art.

Bloody Good Time is due on PC and Xbox 360 some time in the next 3 months (Aus Autumn 2010, U.S. Spring).