Crytek insists future is secure as additional funding is sourced

Erik Johnson
Crytek insists future is secure as additional funding is sourced

Crytek has released a statement acknowledging the recent reports surrounding the company's financial issues.

A Crytek representative provided Games Industry with a statement addressing the many rumours and reports surrounding the firm's recent financial woes – including allegedly missing payroll and considering bankruptcy.

The company admits that it had been enduring a “transitional phase” from developer to online publisher, but has since secured adequate capitol for the long term.

Crytek's note also stated that it wouldn't comment further about developments and progress in regards to the company. Here's the statement in full:

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.

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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Tags: crytek , statements , MCV USA

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