Crytek: Reports of Looming Bankruptcy Are False

Crytek logo

Reports of Crytek’s impending doom have been greatly exaggerated, says the dev.

Earlier this month, a rumor from German magazine GameStar stated that Cytek, the company responsible for the Crysis series, was in financial dire straights, with bankruptcy looming overhead. Now, a Crytek spokesperson has come out to official deny the rumor.

“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,” the Spokesperson told Eurogamer.

“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,” continued the rep.

The initial report from GameStar claimed that Ryse: Son of Rome did not perform as well as Crytek had hoped, and that adoption of the CryEngine was very low, leading the company to consider a buy-out. War gaming, publisher of World of Tanks, was rumored to be considering purchasing the company.

Eurogamer also claims that just before E3, a source said at Crytek’s Sofia office in Bulgaria said some employees hadn’t received salaries for the past two months.

Source: Eurogamer

Recommended Videos

The Escapist is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more
related content
Read Article Niantic Announces Bounsweet For Pokemon GO Community Day May 2024
bounsweet community day pokemon go
Read Article Nintendo Announces When It’s Going to Announce the Successor to the Switch
4K Nintendo Switch Pro 720p 7 inch screen report release date timing crucial
Read Article Niantic Deleting a Pokemon GO Item Caused a Ton of Avatars to Look the Same
Image of two Pokemon GO avatars, one in a shiny gold outfit and the other in leggings and a long sweatshirt
Related Content
Read Article Niantic Announces Bounsweet For Pokemon GO Community Day May 2024
bounsweet community day pokemon go
Read Article Nintendo Announces When It’s Going to Announce the Successor to the Switch
4K Nintendo Switch Pro 720p 7 inch screen report release date timing crucial
Read Article Niantic Deleting a Pokemon GO Item Caused a Ton of Avatars to Look the Same
Image of two Pokemon GO avatars, one in a shiny gold outfit and the other in leggings and a long sweatshirt