Crytek has just issued an official press statement regarding the situation of the studio. As the German company noted, it has laid the foundations for securing its future as it has secured enough capital from a new unnamed source. Not only that, but Crytek admits that it has evolved from a development studio to an… Online-Publisher?
Here is the full statement that Crytek sent:
“In recent weeks, there have been repeated reports and rumors relating to financial problems at Crytek. Having already given an update to staff across all our studios, we are now in a position to share more details with members of the press and public.
Internally, we have acknowledged that the flow of information to employees has not been as good as it should have, however we hope you understand that communicating details of our plans publicly has not always been possible.
Like the games industry as a whole, Crytek has been in a transitional phase. Our evolution from a development studio to an Online-Publisher has required us to refocus our strategies. These challenges go along with an increased demand for capital which we have secured.
We can now concentrate on the long term strategic direction of Crytek and our core competencies. We kindly ask for your understanding, that we won’t be communicating further details about our developments and progress.
Ultimately, with our organization, capitalization, portfolio and technologies we have now laid the foundations for securing Crytek’s future – not just in the short term, but also long term.
Through this period of speculation, we are thankful for the support and encouragement we’ve received from our community and our partners, and for the contribution all of our staff have made. We remain committed to doing what we are best known for and trying to develop the best interactive experiences and technology possible for everyone who loves gaming.
We are confident that we will be able to share more positive news on Crytek’s progress soon.”
It’s worth noting that Crytek did not comment about the recent resignations of some of its key members, like Tiego Sousa. Moreover, the company did not reveal the source of the new capital. According to recent rumors, Wargaming was interested in buying Crytek.
Let’s hope that Crytek will reveal more in the coming months. Also, let’s hope that the new Homefront won’t be affected by all this mess.
Our guess is that the development of Homefront: The Revolution will now resume. Earlier this month, we reported that Crytek UK stopped working on it as its staff had not received any compensation. Hopefully, everything will be sorted out (at least for now).
Kudos to our readers ‘Sebastian Mc Hoy’ and ‘Sikandar Ali’ for informing us!
John is the founder and Editor in Chief at DSOGaming. He is a PC gaming fan and highly supports the modding and indie communities. Before creating DSOGaming, John worked on numerous gaming websites. While he is a die-hard PC gamer, his gaming roots can be found on consoles. John loved – and still does – the 16-bit consoles, and considers SNES to be one of the best consoles. Still, the PC platform won him over consoles. That was mainly due to 3DFX and its iconic dedicated 3D accelerator graphics card, Voodoo 2. John has also written a higher degree thesis on the “The Evolution of PC graphics cards.”
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“Online-Publisher”
I am now going to summon a deity I do not believe in with the following statement, which is really the only fitting way to describe that – “Oh god, they think they’re Valve…….”
“These challenges go along with an increased demand for capital which we have secured.”
“Ultimately, with our organization, capitalization, portfolio and technologies we have now laid the foundations for securing Crytek’s future – not just in the short term, but also long term.”
Hold on, are they actually saying they found some super-gullible schmuck that’s got deep enough pockets to fund them the necessary cash needed to keep 8 Studios (roughly 800 employees total) afloat for say the next 12-18 months (minimum)? Who the hell…..
But hey, nice PR Textbook Statement, let’s see what new piece of junk they’re going to survive long enough to release next, at which point perhaps they’ll finally accept that they need to downsize & refocus in order to survive, if it’s not too late already.
Betting it’s Deep Silver protecting their investment
Yeah, and all you have to do is look at Warface, huge flop f2p junk.
Well, to be fair, it’s doing moderately well in Asia, & flopping badly in the rest of the world.
there are all kinds of shitty games doing well there, it’s asia after all
so basically there saying we aren’t a real developer no more, we are a casual studio who wants quick bucks from crap games and online publishing of f2p pay to win trash. no wonder all the talent is leaving, cant blame them. i hope your happy crytek, you want from a respectable pc dev, to a multiplat dev, now you just make crappy xboner games, f2p crap no one wants and will pander to the pc crowd when you need money.
How hard is it to make an Uncharted/Tomb Raider like game using Cryengine. I guarantee it will sell much better than those generic shooters Crysis 2 & 3 combined and definitely will be more anticipated than Homefront 2 can ever hope to be.
Very. Those Games require actual intelligence to create unlike CoD-Clones, which unfortunately it seems like Crytek Management has that in short supply these days….
Dear Deep Silver! Move in and take over, make Home front 2, before EA fu cks do another hostile take over that nobody could stand. Deep Silver, good reputation, good company NOT SATANIC like EA, ACTIVISION and BETESHDA. PURE EVIL GREED.
After reading this I dislike Crytek even more now, they can’t give a straight proper answer instead of PR and it seems like the management need to be taken down a few pegs. Seems like Crytek will continue to go down hill with their CoD clones.
So lemme make it easier for everyone to understand and read between the lines….the real Crytek is dead! The company is now evolving into another greedy publisher like EA!
They’re screwed.