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The game is currently under development by TaleWorlds.
The game takes place following the death of the heirless Emperor of the Calradic Empire. The empire splits into three factions fighting for power while criminal bands watch closely, looking to profit from the chaos.
The player will shape its future, reuniting the empire or eliminating it.
This seems to be a repeat of history, as the "Calrad Empire" fell before the beginning of the previous games, leading to the various independent factions.
Changes from Warband
Very little is known except Taleworlds claims there will be "many exciting and highly requested new features" and that it will include "up-close and personal medieval combat on a huge scale, bigger, bloodier and more intense than ever before". This affirmed that they will implement what the fans want in Mount&Blade II: Bannerlord. Taleworlds are going to be incorporating aspects from mods, such as the Diplomacy mod to enhance gameplay.
Enhanced graphics is an obvious change, but overall game mechanics and style will be more or less the same.
As with the previous games of the series, Bannerlord will also support mods. TaleWorlds has stated that "modding is a primary consideration when developing Bannerlord."