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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.

German magazine Gamestar is the source of the claims, and says that the Frankfurt-based firm's problems have followed the less-than-successful launch of the Xbox One exclusive Ryse: Son of Rome.

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.

[via eurogamer.net]

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User Comments (9)

eLarkos

#1

eLarkos said:

In all honesty Far Cry and Crysis are the only 2 games that Crytek have made that I enjoyed (I loved those 2 games though). Ever since Crysis it seems to me they have really been getting it wrong.

Reverend_Skeeve

#2

Reverend_Skeeve said:

Regardless of if this is true, they should release Crysis 1-3 for the PS4. I loved Crysis 1 and 2 on my 360 and have finished both games several times. I finished about 50% of the games I played on the 360 at all, so the fact that I played through them more than once should tell how much I liked them. Just love the Predator-esque vibe and atmosphere of the games. And since I didn't play Crysis 3 at all, a Crysis trilogy for PS4 with all the bells and whistles cranked up to 11 would be perfect for me.

Make it 90,- bucks or so for the whole trilogy, and I'm sure I'd not the only one buying it.

Bad-MuthaAdebis

#4

Bad-MuthaAdebis said:

Shame really. Hopefully others won't make the mistake of having an average exclusive hyped to death by MS.

Bad-MuthaAdebis

#8

Bad-MuthaAdebis said:

@eLarkos sometimes I think games get even worse scores if the expectation has been there. I personally might have enjoyed the game. Never mind.

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