As previously reported, Crytek had recent financial troubles which saw staff walk out over unpaid salaries. Crytek has now come out to explain what happened but only now it has additional funding.
At the time of the original report, Crytek had maintained that the news coming out of its studios was simply rumour. However, in their latest announcement they admitted there was financial troubles but had to keep quiet while it looks for additional sources of funding. That funding has now been found.
According to VentureBeat the developer known for Crysis and Ryse: Son of Rome has found the capital necessary to complete Homefront: The Revolution and Hunt: Horrors of the Gilded Age. The official announcement and detail into the matter reads like so:
“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,”
“Ultimately, with our organisation, capitalisation, portfolio and technologies we have now laid the foundations for securing Crytek’s future – not just in the short term, but also long term,”
“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.”
“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,”
“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.”