Crytek Denies It Is On The Verge Of Bankruptcy Following Reports Of Staff Not Being Paid
Posted by Damien McFerran
"We continue to focus on development and publishing"
Crytek — the studio behind the Crysis series and CryEngine — has been forced to issue a statement today regarding claims in the German media that it is on the verge of bankruptcy.
The report — according to Eurogamer — says the following:
'The vultures are circling already,' so says a leading employee of one of the large publishers. Companies like this have already started making offers to the most talented people at Crytek, to hire them away. Such a brain drain can become dangerous for any studio, even a financially stable one.
A takeover of Crytek would be interesting for a company, that could use the development-experience of the Crytek and doesn't want to build up such experience itself. That is why the Belarus F2P-giant Wargaming is rumoured to be a potential buyer.
When you are reading this, there is hope that Crytek has managed to avoid disaster. A new source of money, said Avni Yerli [one of the managing directors], is in sight. When we called him in early June, the contract had not yet been signed, but will be in a short while. 'Not all is good. Our transition to become a F2P-studio had been painful. But all that is now behind us.'
Crytek has issued the following statement in response:
Regardless of what some media are reporting, mostly based on a recent article published by GameStar, the information in those reports and in the GameStar article itself are rumors which Crytek deny.
We continue to focus on the development and publishing of our upcoming titles Homefront: The Revolution, Hunt: Horrors of the Gilded Age, Arena of Fate, and Warface, as well as providing ongoing support for our CryEngine and its licensees.
We have received a lot of positive feedback during and after E3 from both gaming press and gamers, and would like to thank our loyal employees, fans and business partners for their continuous support.
There have been some worrying rumours circling for some time regarding the company, including reports that staff have seen their wages delayed by up to two months. Clearly all is not well within the walls of Crytek, and it remains to be seen if this denial has any weight.