Crisis at Crytek Could Be Over

Over the past weeks we have heard rumours about Cryteks staff not being paid for months as well as employees quitting their job due to that and being swiped up by other companies. Even though the company dismissed the claims as rumours at first, it hasn’t stopped new ones from popping up.

In a new statement to gameindustry.biz on Friday, Crytek has given us the first official statement on the situation since the original denial of the problem. Crytek has been enduring a transitional phase as they are calling it, transforming from a developer to an Online-Publisher. The company also stated that it has secured new capital that should ensure both short and long-term foundation and added “We won’t be communicating further details about our developments and progress.”

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.

These are a lot of vague words not really saying much, but they do tell us the future of Crytek and their popular CryEngine might have been secured for another round.

Thank you Gamesindustry for providing us with this information.

Image courtesy of Crytek.