Crytek Finally Address Financial Situation in a Statement.

For the past few weeks we’ve heard tales of Crytek UK employees not getting paid, higher-up’s leaving the company, games being cancelled, and rumours that Homefront: The Revolution might not happen. Crytek have been pretty quiet surrounding the subject, but now they’ve addressed the supposed financial troubles in a statement that the company released to GamesIndustry.biz stating that the company have been going through a “transitional phase.”

According to rumours and sources close to the company, things haven’t been looking good for the future of Crytek, though the company has denied said rumours, information kept coming suggesting things are worse than we originally thought. In a statement to GamesIndustry.biz, the company have been going through a “transitional phase” from developer to online publisher, a transition that required significantly more capital, capital that the company has now secured, according to the statement.

“In recent weeks, there have been repeated reports and rumors relating to financial problems at Crytek. Having already given an update to staff across all our studios, we are now in a position to share more details with members of the press and public,” reads the full statement.

“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.

“Like the games industry as a whole, Crytek has been in a transitional phase. 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.

“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.

“Ultimately, with our organization, capitalization, portfolio and technologies we have now laid the foundations for securing Crytek’s future – not just in the short term, but also long term.

“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.”

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