Crytek May Go Bankrupt, Ryse Flopped, CryEngine Adoption Low

Crytek are one of the best development studios around, with brands such as Crysis to their name, they’ve long been a corner stone of high-end PC gaming. Unfortunately it looks like the studio is falling on hard times as their recent software release Ryse was about as entertaining as a wet sponge, not to mention their game engine software CryEngine has suffered low adoption rates compared to rivals such as Unreal, Unity and countless others.

According to German magazine Gamestar, the company may have to file for bankruptcy if it cannot find a big pile of money to patch up its problems. Crytek may have some innovative graphics technology at their disposal, but if they’re struggling to turn a profit from it, then they’re in serious trouble. Rumour has it that several major publishers are already preparing to try snag some of the Crytek IP’s at a bargain price should the company go bust or sell of some titles to stem the tide.

With around 800 employees to its name, Crytek going under could create a lot of problems for a lot of hard working people. It’s already being reported that the staff at Crytek received their pay late, and many are already applying for new job; jumping ship before it sinks completely.

It now looks like Cryteks hopes are pinned on Homefront: The Revolution which is due to launch next year.

We are patiently waiting for something official from Crytek, but it certainly doesn’t look like the issues are going to clear up any time soon.

Thank you Softpedia for providing us with this information.

Image courtesy of Softpedia.