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Crytek Says Its in a Transitional Phase, Responds to Reports of Financial Troubles

"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."

Following a number of reports claiming that Crytek had canceled games and was losing staff after not paying them, the studio has shared an official statement with GameSpot addressing what's been happening and what its future holds.

Having filled in its employees "across all [its] studios" on its status, Crytek says it can now address the matter publicly. (Previously, it had either declined to comment or outright denied reports about any problems.) It describes itself as being being in a "transitional phase" and admits, "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."

Crytek says its "evolution from a development studio to an online publisher has required us to refocus our strategies." This shift required additional capital, which the company says it has now "secured." There had been reports that Crytek would be acquired by another company, such as World of Tanks developer Wargaming.

"Internally, we have acknowledged that the flow of information to employees has not been as good as it should have [been]."

"We can now concentrate on the long term strategic direction of Crytek and our core competencies," the statement continues. "We kindly ask for your understanding, that we won't be communicating further details about our developments and progress."

It did not address any specifics about where individual studios or projects stand, only saying, "We are confident that we will be able to share more positive news on Crytek's progress soon."

Ryse: Son of Rome

Posted on Jul 25, 2014


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