No Crysis At Crytek: Developer Denies Imminent Bankruptcy Rumours

A few days ago we covered the news that emerged from the German magazine Gamestar that Crytek was in financial trouble and could be facing bankruptcy. A Crytek spokesperson has issued a public statement to Eurogamer denying those claims.

“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.”

Crytek has numerous studios over the world and currently has several games in development including Homefront: The Revolution which is being developed at Crytek UK and Hunt: Horrors of the Gilded Age which is being developed at Crytek USA. Crytek is also licensing out its “CryEngine” to other developers through its licensing division.

However, despite the statement of denial by Crytek it is hard to ignore the building evidence. Before E3 employees of the Crytek Sofia (Bulgaria) office said they had not been given salaries for the previous two months, Crytek UK employees report that they have not been paid on time and that the management had showed no transparency over the issues. The latest statement could mean that Crytek have recently managed to secure investment for a stable future, or Crytek could just be trying to keep a lid on things to prevent the company from unravelling.

Source: Eurogamer

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