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Crytek Finally Addresses Financial Concerns - Claims to Have "Secured Capital"

| 26 Jul 2014 04:02
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Crytek admits that it has been in a "transitional phase" and it could have been more open with its employees.

This month, you may have read one of the numerous news stories revolving around Crysis developer Crytek, that told a tale of financial woes, confused employees, and top-level talent jumping ship. Throughout the whole ordeal, Crytek had remained incredibly tight-lipped, refusing to offer comment on any of the murmurs if discontent that were arising from its UK studio. Now, the studio has finally made an official statement, admitting that while the company has been in a "transitional period," it has, in fact, secured the additional capital it was looking for.

"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," said the company in its official statement. "Crytek has been in a transitional phase," it explained, "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."

It also admitted that "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."

"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."

Interestingly, the statement did not address the reports that several high-level Crytek talent have recently left the company - including the producer of the studio's upcoming Homefront: The Revolution - and what this means for its currently in-development titles.

Source: Gamesindustry.biz

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