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Crytek denies it's close to bankruptcy

Some employees reportedly unpaid, but new investment may have been secured

Frankfurt based Crytek has moved to deny claims that it's on the verge of bankruptcy.

The company has issued a statement in response to a GameStar report which suggested its future was in doubt following the "disaster" that was Ryse: Son of Rome and a painful transition to free-to-play games.

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Amidst the reported troubles, Belarusian World of Tanks maker Wargaming has reportedly considered making a takeover bid, while "vultures" have been said to be circling Crytek in a bid to acquire talent.

Eurogamer also claims to have heard from sources prior to E3 that staff at Crytek's Sofia office in Bulgaria hadn't received salaries for two months, and that Crytek UK may have to have failed to pay employees on time.

However, the GameStar report also said Crytek was hopeful of securing new investment, and Eurogamer claims a Chinese firm may have tabled an offer that would secure the company's future - in the short term at least.

Responding to the claims, a Crytek spokesperson told Eurogamer: "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."

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