Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 24 June 2014 07:03

Is there money trouble at Crytek?

Written by David Stellmack

Denies that it is close to bankruptcy

We have heard from a number of sources including developers at Crytek that claim to be unpaid, that Crytek is apparently having some sort of money troubles and may in fact be on the verge of bankruptcy. Crytek has denied these claims that it is on the verge of bankruptcy.

There is no denying however that Ryse: Son of Rome cost a lot of money and the Xbox One exclusive has not done as well as Crytek hoped. With the news that developers have gone unpaid comes the reality that other developers are trying to perhaps poach key talent away from Crytek’s studios.

While Crytek has dismissed the reports of money problems, we have heard whispers that an influx of new money maybe pouring into the studio via a buy in from another source. We have heard that Wargaming may be one of the parties interested in buying into Crytek.

Things have been difficult for Crytek as they look to transition from a traditional development studio to a F2P developer. While they also will continue to license their CryEngine and do some contract development, the focus is clearly on the development of free-to-play titles with micro-transactions going forward. It has been a painful transition from all accounts.

Crytek has a number of titles in development. We are not sure what the future holds, but we are hopeful that they can resolve the issues at hand and continue to move forward.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments