Crytek addresses financial problems
After weeks of rumors and speculation, Crytek has officially addressed some of the concerns surrounding the future of the development studio.
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In a statement released to the media, Crytek stated that the company as a whole is in a “transitional phase” in regards to its future. The company admitted that its relationship with employees in terms of making them aware of the situation wasn’t as great as it should have been.
Crytek claims that it can now, with the release of this statement, concentrate on “the long term strategic direction” of the company. The studio didn’t mention what the problems mean to the future of the recently announced Homefront: The Revolution, or any other projects the company is currently working on.
Crytek added that it remained committed to providing fans with “what they are best known for”.
The company declined to comment on the status of any games.
The full statement can be read below:
"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.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. Like the games industry as a whole, Crytek has been in a transitional phase. 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.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.Ultimately, with our organization, capitalization, portfolio and technologies we have now laid the foundations for securing Crytek’s future – not just in the short term, but also long term.Through this period of speculation, we are thankful for the support and encouragement we’ve received from our community and our partners, and for the contribution all of our staff have made. We remain committed to doing what we are best known for and trying to develop the best interactive experiences and technology possible for everyone who loves gaming.We are confident that we will be able to share more positive news on Crytek’s progress soon."
Sound off FanSiders! What do you make of the statement released by Crytek? Leave your thoughts in the comment section below.
Mike’s Musings: This statement doesn’t do much to dismiss the speculation that the company is crumbling. It also doesn’t specifically address the many departures within the company due to late payments. To me, Crytek still seems like a company on its last legs.