Crytek Claims New Source of Stable Income

[Tom Bombadildo]

Crytek has been in the news a lot recently regarding their financial situation. Various members Crytek have left their positions, and Crytek has been bleeding money for a while now after their widely considered failed attempt at making a F2P FPS and their MOBA. However, Crytek recently issued a statement claiming they've received a new, stable income source that will keep them going for a while.

The full statement is as follows:

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.

Unfortunately, they haven't supplied any kind of detailed information regarding where they're getting this income from, so this statement doesn't seem too reassuring.

Source


EDIT: Update - Looks like Crytek has announced where this new income is coming from. Read more here:

http://gbatemp.net/threads/crytek-sells-homefront-property-to-deep-silver.369423/

 

[Plstic]

Maybe Crytek made a deal with the Cartel. lol

 

[AkiraCast]

Honestly I think Crytek shouldn't even make games, just engines and shit. I mean doesn't everyone just download their games to benchmark their shiny new PCs?

 

[Celice]

Honestly I think Crytek shouldn't even make games, just engines and shit. I mean doesn't everyone just download their games to benchmark their shiny new PCs?

Crysis and Warhead were great.

Crysis 2 and Crysis 3 were absolute borefests.

 

[AkiraCast]

Crysis and Warhead were great.

Crysis 2 and Crysis 3 were absolute borefests.

Ah okie dokes, I'll check part 1 and warhead out.

 

[migles]

aww, great! now i can test my future new gaming pc again!

 

[Guild McCommunist]

Crytek UK isn't bad though, they used to be Free Radical Design and made TimeSplitters.

As for the news though, this doesn't sound reliable at all. Where would they be getting income that they couldn't disclose? Unless a company is pumping money into them for a project or something, but I doubt it. They'd just let them die and buy out the rights to their titles and engines.

 

[T-hug]

I heard Deep Silver maybe be buying them out or at least funding Homefront 2.

 

[Gahars]

It's meth, isn't it? I bet it's meth.

Crystal Meth, of course.

 

[Öhr]

who cares... not like they made fun games!

 

[natkoden]

Crysis and Warhead were great.

Crysis 2 and Crysis 3 were absolute borefests.

They're all identical. The only difference is that Crysis 1 has a huge island to explore.

1 is ok, 2 and 3 are shit.

 

[bowser]

I know! I know! Their income is from a Gbatemp member with celebrity status who wishes to remain anonymous.

Spoiler

I smell a Xuphor

 

[Hells Malice]

It's meth, isn't it? I bet it's meth.

Crystal Meth, of course.

You know. I came into this thread, read it, and was like "So they're selling drugs aren't they..."
and then I paused and I thought "Damn I hope I got here before Gahars because he'll snatch up this horrible joke in a second, I just know it."

and then I scrolled down...

 

[Jayro]

They could always, Oh I dunno... Make another Crysis game or two???