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Crytek denies bankruptcy rumours

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Crytek

Can you remember the last time Crytek made an incredible game? While some will gleefully tell you that that answer is “never,” the first Far Cry and Crysis games were pretty rad. what Crytek excels at far more than crafting good stories is crafting mind-bogglingly good graphics. They’ve sort of lost that focus, and it’s one of the reasons they’re perhaps not doing as well financially as they have in the past. Rumours have even begun circulating that the company is on the verge of bankruptcy.

According to German magazine Gamestar.de, the company is on the verge of landing in the poorhouse following what it says are poor sales of the company’s next generation CryEngine, and “disastrous” development of the Xbox One exclusive hack-and-slasher Ryse: Son of Rome. Their foray in to the free-to play world, Warface, is reportedly only popular enough to make any significant money in Russia.

According to Gamestar, one of the managing director’s, Anvi Yerli, claimed that the company had sourced new funding, but that things weren’t looking great.

"When you are reading this, there is hope that Crytek has managed to avoid disaster. A new source of money, said Avni Yerli ‘Not all is good. Our transition to become a F2P-studio had been painful. But all that is now behind us.’"

Speaking to Eurogamer, Crytek says reports of its impending bankruptcy are unsubstantiated rumours, and that Crytek is not in crisis.

“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.”

Crytek currently has over 750 staff over its handful of worldwide studios. The company is busy with a new Homefront game, despite it being a sequel that nobody really asked for. They’re also busy on a free-to-play new contender in the MOBA sphere featuring classic fairytale characters, Arena of fate.

Last Updated: June 24, 2014

28 Comments

  1. Liquid Kaz (Umar)

    June 24, 2014 at 10:05

  2. Rince&exhale

    June 24, 2014 at 10:05

  3. Alien Emperor Trevor

    June 24, 2014 at 10:07

    Far Cry & Crysis both suffered from the same problem – they were both great until the point where you started fighting things other than humans, then they went downhill. That said, I quite liked the sequels I played INCLUDING THE MALARIA SIM.

    Reply

    • Liquid Kaz (Umar)

      June 24, 2014 at 10:10

      Hmmm, I enjoyed it when it went all mental, fighting weird creatures in FC 1. It felt pretty bland till that point for me

      Reply

      • Sith JJ

        June 24, 2014 at 10:24

        I also liked the creature in FarCry 1. Made it much more tense.
        Just never ever ever ever watch that movie

        Reply

        • Liquid Kaz (Umar)

          June 24, 2014 at 10:25

          Uwe bowl!!!!
          Man that guy butchers video game movies

          Reply

        • Admiral Chief Cyber Commando

          June 24, 2014 at 10:26

          Bad? I have it, unwatched. Should I rather delete?

          Reply

          • Liquid Kaz (Umar)

            June 24, 2014 at 10:27

            It’s made by Uwe Bowl……

            EDIT: Boll

          • Admiral Chief Cyber Commando

            June 24, 2014 at 10:28

            Ah, nuff said

          • Sith JJ

            June 24, 2014 at 10:56

            It’s shockingly bad

    • HvR - Still dislikes Random.or

      June 24, 2014 at 10:18

      They probably got Mr Tsoukalos to write the storyline

      Reply

    • Admiral Chief Cyber Commando

      June 24, 2014 at 10:20

      SKIET HOM VREK BROE

      Reply

      • Alien Emperor Trevor

        June 24, 2014 at 10:20

        Waar’s die donner?

        Reply

        • Admiral Chief Cyber Commando

          June 24, 2014 at 10:21

          Ek gaan jou kry!

          Reply

    • Sith JJ

      June 24, 2014 at 10:22

      Yes. I agree so much. Once the aliens came into Crysis it went downhill.
      Crysis 2 seemed to make a point of seeing just how low you can go with gameplay and story, and still have graphical quality try and save you.

      Reply

      • Admiral Chief Cyber Commando

        June 24, 2014 at 10:23

        I used to play Crysis 1 until the aliens came, then quit and restart

        Reply

  4. Rince&exhale

    June 24, 2014 at 10:13

    Would be sad to see them close, sad for anyone to close.

    Reply

  5. Sith JJ

    June 24, 2014 at 10:15

    Sounds like they have a crysis on their hands.

    Reply

    • Alien Emperor Trevor

      June 24, 2014 at 10:16

      No badumtish for you!

      Reply

      • Sith JJ

        June 24, 2014 at 10:17

        I know, it was terribly lame, but someone had to do it.

        Reply

        • Hammersteyn

          June 24, 2014 at 10:17

          I was gonna say, can they still play Crysis?

          Reply

          • Sith JJ

            June 24, 2014 at 10:19

            Haha
            The last good Crysis was the first and its expansion.

        • Alien Emperor Trevor

          June 24, 2014 at 10:20

          If you’d just waited a minute or 2 Rince would have, now you’re that guy.

          Reply

          • Sith JJ

            June 24, 2014 at 10:21

            Eish.
            Taking some heat off Rince for a bit.

    • HvR - Still dislikes Random.or

      June 24, 2014 at 10:17

      But can they run with it?

      Reply

      • Alien Emperor Trevor

        June 24, 2014 at 10:19

        They could go postal if they start running with scissors.

        Reply

  6. Viking Of GabeN

    June 24, 2014 at 11:44

    Of course, they Gimped their own engine to make games run on consoles….. This is what happens….

    Reply

    • FoxOneZA

      June 24, 2014 at 13:36

      So much for this generation of consoles delivering “Avatar” scale graphics.

      Reply

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