And by “developed” we mean doijin remake port. Corpse Party, the original game, was made with RPG Maker and distributed for PCs. Corpse Party got a remake (pictured), a Blood Covered subtitle, and wider release in 2009 thanks to Team GrisGris.
5pb picked up the rights to Corpse Party and announced Corpse Party: Blood Covered… Repeated Fear. The teaser site doesn’t have much information on this version. We’re not even sure what console(s) Corpse Party: Blood Covered… Repeated Fear is being made for. 5pb usually releases Xbox 360 and PSP games, though.
Corpse Party follows a group of high school kids trapped in a haunted elementary school where grisly murders took place years ago. Blood Party was released in episodes which have multiple endings.