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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