The next 'Call of Duty' videogame will be titled...

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Activision is trading Modern Warfare for Ghosts.

The video game publisher announced Wednesday that the next installment in its successful Call of Duty franchise will be titled Call of Duty: Ghosts and feature a new story and characters.

Activision Blizzard Inc. said Ghosts will be released Nov. 5 for PC, PlayStation 3, Xbox 360 and next-generation consoles.

The game is being developed by Infinity Ward, the Encino, Calif., studio that created the original Call of Duty and reignited the military first-person shooter franchise with 2007′s Call of Duty 4: Modern Warfare and its two sequels.

Ghosts delivers an all-new story, all-new characters, an all-new Call of Duty world, all powered by a next generation Call of Duty engine, which is a leap forward for the franchise,” Activision Publishing CEO Eric Hirshberg said in a statement. “Infinity Ward is going all-in to create the next generation of Call of Duty worthy of the world’s greatest fans.”

For more than five years, the action-packed Call of Duty franchise has garnered unprecedented success.

The previous Call of Duty game, Treyarch’s futuristic Call of Duty: Black Ops II, crossed the $1 billion mark in worldwide retail sales 15 days after its release last year. Infinity Ward’s Call of Duty: Modern Warfare 3 hit the $1 billion mark in 16 days after its 2011 debut.

Activision said more details about Ghosts will be revealed May 21 at a Seattle presentation where Microsoft is expected to unveil the next Xbox.

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