bit-gamer.net

Crytek 'continuing on a downward spiral'

Crytek 'continuing on a downward spiral'

Crysis creator Crytek is losing key staff over reported financial difficulties, with one anonymous employee stating the company is on a 'downward spiral.'

The future of game developer Crytek remains uncertain, as more staff leave the company amid rumours of financial problems and the collapse of a key franchise agreement with Microsoft.

Over the past year, things have looked rosy for the company best known for the Crysis series and its CryEngine game engine. It hired former Vigil staff, announced planned Linux support, open-sourced its Renderdoc debugger, and even Released CryEngine on Steam under a subscription basis.

In recent months, however, rumours have spread that the company is facing bankruptcy. Its staff are reportedly going unpaid, many of its upper management jumping ship, and most recently it has been claimed that its deal with Microsoft to develop a Ryse sequel for the Xbox One has fallen apart. Now, anonymous sources speaking to Kotaku claim things are falling apart.

The sources state that Hasit Zala, director of the as-yet unreleased Homefront: The Revolution, has resigned from Crytek UK. His departure follows those of development manager Ben Harris, studio head Karl Hilton who has stated he will remain at the company but in a different role, and a number of other employees who have not been named. 'It creates a weird scenario as there are now no upper management [personnel],' an anonymous source told the site. 'Everything is just continuing on a downwards spiral.'

Crytek has not yet responded publicly to the most recent staff departures, nor claims that staff payments have been outstanding 'for a long time.'

7 Comments

Discuss in the forums Reply
Harlequin 14th July 2014, 12:05 Quote
arnt sony buying them?
ChaosDefinesOrder 14th July 2014, 12:13 Quote
Quote:
Originally Posted by Harlequin
arnt sony buying them?

By the sounds of it there soon won't be anybody to buy; the only thing left will be IP
rollo 14th July 2014, 12:17 Quote
Sony if they buy them will buy the IP, generally speaking looks like Crytek is the next THQ. Won't be the last dev to struggle though.

Ryse cost a lot to make and they did not make it back. It got pretty poor reviews by most sites.
fix-the-spade 14th July 2014, 21:12 Quote
Quote:
Originally Posted by Harlequin
arnt sony buying them?

I thought it was Deep Silver?

Whoever it is, they will likely wait until bankruptcy, then snap up the desirable parts of the company whilst ignoring the liabilities. No point buying a company mid debt crysis when you can just wait for the auction and buy sans debts.
RedFlames 14th July 2014, 21:15 Quote
Quote:
Originally Posted by fix-the-spade
I thought it was Deep Silver?

Rumour has it Deep Silver are having problem of their own...

and from what I hear [firends of friends kinda thing]... Crytek going under is a 'when' and not an 'if'...
Jake123456 15th July 2014, 17:46 Quote
Quote:
Originally Posted by fix-the-spade
Quote:
Originally Posted by Harlequin
arnt sony buying them?

'company mid debt crysis when you can just wait for the auction and buy sans debts.'

Do I detect a pun?...
Gunsmith 16th July 2014, 01:11 Quote
Cryteks problem is they expanded to fast and went chasing the money too hard.
Log in

You are not logged in, please login with your forum account below. If you don't already have an account please register to start contributing.



Discuss in the forums