Crytek has cancelled work on a sequel to Xbox One launch title Ryse: Son of Rome, according to a report.
A number of sources speaking to Kotaku claimed that multiple games have been canned over the last few months, including prototypes.
A story from German publication GameStar previously stated Microsoft and Crytek were at loggerheads over who would own the rights to the Ryse IP, and now it appears to have been cancelled completely. It is currently unclear if a sequel will be developed under a new studio, however.
The company’s alleged financial turmoil has been widely reported, and it was claimed Crytek has also missed a number of payments to staff.
Some sources from Crytek UK in Nottingham suggested they were only paid 30 to 40 per cent of their recent monthly wages, while others have said they have not been paid in months.
For its part, the developer has denied the accusations of the original GameStar report.
A statement to Develop said the company would be continuing development on upcoming games Homefront: The Revolution, Hunt: Horrors of the Gilded Age, Agrena of Fate and that it would also continue supporting Warface and CryEngine.
"Regardless of what some media are reporting, mostly based on a recent article published by GameStar, the information in those reports and in the Gamestar article itself are rumours which Crytek deny,” a spokesperson said.
“We continue to focus on the development and publishing of our upcoming titles Homefront: The Revolution, Hunt: Horrors of the Gilded Age, Arena of Fate, and Warface, as well as providing ongoing support for our CryEngine and its licensees. We have received a lot of positive feedback during and after E3 from both gaming press and gamers, and would like to thank our loyal employees, fans and business partners for their continuous support."