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Chronicles: Medieval developer declared bankruptcy on the day it announced it was in trouble, but development will continue after a $5 million reprieve from Coffee Stain
Raw Power Games entered bankruptcy on the same day it announced that withdrawn funding put it at risk of closing. Coffee Stain has bought the intellectual property for Chronicles: Medieval and will fund continued development, giving the strategy game a path forward despite its developer’s financial collapse.
Coffee Stain paid 36.75 million Danish kroner, about $5.42 million, for the game’s assets. They will be held by a new company owned 75% by Coffee Stain and 25% by a small group of original team members. The future of Raw Power’s wider staff and the game’s planned 2027 early access release remain unclear; Coffee Stain says it will share plans later.
In short
- Coffee Stain paid about $5.42 million for the game’s IP.
- Development will continue through a newly formed company.
- Staff plans and the 2027 release schedule are uncertain.
Explained simply
Chronicles: Medieval is a strategy game set in the Middle Ages, a period when rulers governed territories and competed for land and power. Players make decisions about how to build and manage their realms. Raw Power Games was the independent studio developing it.
The game’s intellectual property includes the rights and materials needed to develop and release it. Coffee Stain, a game publisher and developer, has bought those rights and is funding the project through a new company, partly owned by members of the original team. This gives development a route to continue, though the new company’s plans for the wider team and the intended early access release have not been set out.