Over the past few days, more and more reports and rumours have started to emerge on the internet that appear to suggest that Crytek are in serious financial trouble. Both Eurogamer and Kotaku have both reported that they have received information from various sources, including former employees, that tells of how many of the staff have not been paid for a number of months now and that a large amount of staff from the UK branch have left. According to Eurogamer, over 30 staff have left Crytek’s UK studio since 2011 , which included the Managing Director.
Crytek responded quickly to the rumours with a statement to Eurogamer that read –
“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.”
This statement however, hasn’t stopped the rumours and reports from continuing to flood the internet. Whats more, recent reports are now suggesting that Crytek have had to cancel upcoming games due to the financial situation, including the sequel for Ryse, the Xbox One exclusive hack and slash title. This worrying suggestion of cancelled games and a company nearing bankruptcy may also be casting some doubt on whether their upcoming next gen titles shown off at E3 will actually make it to launch. Both Homefront: The Revolution and Hunt: Horrors of the Guilded Age are currently in development at Crytek and perhaps face an uncertain future.
Crytek’s move into the free to play market doesn’t seem to be off to a very good start so far and their main free to play game, Warface, is apparently only making profit in a few locations. Crytek have apparently secured some investment for the time being which may help them stabilize things somewhat in the near future buts its unclear at the moment just how true these rumours are and whether or not Crytek are facing serious trouble or will be able to pull through and get back on track.
RestartReplay is a gaming news and reviews site which was set up in 2013. Our aim is to provide readers with the latest information in the gaming industry.
If you would like to contact us please email email@example.com