‘Huge’ Licencing Deal Could Bring Crytek Back from the Dead

Crytek has announced that they’ve signed a “huge” licencing deal to put the company “back on track.”

Okay, so I’m aware Crytek aren’t dead as such, but following last years debacle over Crytek’s financials and the sale of the company’s UK arm to Deep Silver, the company themselves have gone into the shadows. But it seems they’ve not just been licking their wounds, as this week they’ve revealed that they’ve signed a licencing deal which could see Crytek emerge once again.

Though details of the mysterious partner are being kept under wraps, the firm has revealed that they’ve signed a major licencing deal as part of its strategy to put the company back in the limelight and on a more stable footing following last years trouble.

Speaking with Develop at GDC earlier this month, Crytek co-founder Faruk Yerli and head of PR Jens Schaefer revealed that instead of securing funding from an investor, like many believed, the company had actually secured a licencing deal with injected some much-needed cash into the business to keep it afloat. This licencing deal was something the company had been working on for a “long time.” Yerli noted that it’s a “huge” deal for Crytek and would put the company back on track.

Though the two kept most of the information under wraps, we can speculate that the deal could have something to do with Crytek’s poweful CryEngine which powers Crysis and Star Citizen. They revealed that they’re hopeful of announcing the deal with the mystery partner soon.

1
Join the Conversation

avatar
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
Paul Graham Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Paul Graham
Guest
Paul Graham

*Cough* TIMESPLITTERS! *Cough*