The next Active Time Report for Final Fantasy XV will be live on Square Enix's Presents channel on the 30th of this month (at least for North Americans). For the rest of the world, it will be the 31st. It will air with English subtitles at 11:00PM EST/8PM PST (31st January at 4:00AM GMT).
This event will feature a brief look at the antagonists of the game: the expansionist Niflheim Empire. Also shown will be new footage demonstrating how magic will work in this game. To close the show will be preliminary details on what to expect for the March event, where a release date disclosure for the game is promised.
Also included are new screenshots. Magic is far more unpredictable in this game. It is capable of devastating damage not just to enemies, but to any ally caught in its radius. Also shown is Solid Noctis as he seeks to sneak into a facility and take down Metal Gear without a handy cardboard box.