Crytek Responds to Claims of Bankruptcy

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By Brandon Blicharz – 24th June 2014
Crytek Responds to Claims of Bankruptcy

Recently, rumors have been flying  around about Crytek, the developer of games such as Crysis and Ryse: Son of Rome. The rumors claimed that Crytek was on the verge of bankruptcy because of the “disastrous” development of Ryse: Son of Rome and the poor sales of CryEngine. More about these rumors can be read here.

But, in a statement from Crytek to VG24/7, the studio said that these claims hold no truth, they are not going bankrupt, and that they will “continue to focus on development and publishing.” Their full statement can be read below.

“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 rumours 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.”

As many may know, Crytek recently announced that they will be making the sequel for 2011’s Homefront, which they bought the rights for after THQ’s bankruptcy. Homefront: The Revolution is set to release 2015 on PC, Xbox One and PS4. It will be developed by Crytek and co-published by Deep Silver.

So, what does everyone think about this? Are you glad to hear Crytek isn’t going bankrupt? Excited for their new projects? Leave your thoughts below. And remember, stay tuned to Gamer Headlines for all of your Crytek and gaming news!