premise: The Last of Us Part II is an upcoming action-adventure survival horror video game developed by Naughty Dog and published by Sony Interactive Entertainment for PlayStation 4. It was announced at the PlayStation Experience event in December 2016, and will serve as the sequel to 2013's "The Last of Us".
hypothesis: The Last of Us was the only game developed by Naughty Dog.
reason: The statement is incorrect because the paragraph specifies that Naughty Dog is already developing The Last of Us Part II.