Crytek Denies Reports of Bankruptcy, “Continue to Focus on Development and Publishing”

Crytek reports “positive feedback during and after E3″.

Homefront The Revolution (1)

A report surfaced earlier today courtesy German gaming magazine GameStar which stated that Crysis and Ryse: Son of Rome developer Crytek would be going bankrupt. This would apparently be due to the failure of Ryse: Son of Rome, poor sales of CryEngine and a lack of profitability from Warfare outside of Russia.

Crytek however denied this reports to VG247, stating that, “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.”

We’ll know Crytek is in trouble when we see it but for now, it’s hard to argue that the developer is going as strong as ever.


  • ilovegoogleglass

    Hmm…

  • Knowles2

    Can’t say I’m surprise. Cryengine been getting a lot of negative feedback from developers, it just to difficult to use compare to it rivals on the market, and Ryse wasn’t a very good game.

    • D S

      Ryse was a good looking game and still one of the best looking on the market. Reviewers did not like it, but that has little to do with the Cry engine or its ease of use.

      Microsoft grabbing this studio would help though, Imagine if it was upgraded with the ease of use of Visual Studio.

    • Knowles2

      I agree that Ryse problems are completely unconnected to the engine and it problems.

    • Edonus

      Your comment is strange….. they are basically stating they are not having any issues and are still developing games but it seems like you ignoring that and just going to ride with rumor as if it true.
      And Ryse is a great game, the issue was that the gaming community is very weak mind and they let all the negativity and hate influence their views. Ryse gets saddled with a bunch of stuff that every game does but some how for Ryse it was just wrong. I saw someone say the enemies are copy and paste….. Ryse has over 12 general enemy models what game has completely unique looking models for every enemy. Killzone has fewer enemy models than Ryse. Its just insane.

    • Knowles2

      I just didn’t like Ryse as a game, nothing to do wit enemy models, I just thought it wasn’t a very good or interesting game.

      Crytek once said that they expected cryengine to be a big money spinner.

      Saying that I don’t expect the bankrupt rumour is true and I fully expect either they will get investment or find another way to survive.

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