Crytek in Crisis talks over bankruptcy claims

While denying they are on verge of bankruptcy, the rumour mill is still running wild with accusations of late and sometimes No payments to staff, and games being dropped left right and centre.

The first of these rumours began on GameStar, Crytek released this statement to EuroGamer fighting back at claims.

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 rumors which Crytek deny.

“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.

Current and former employees have been interviewed by various sources, stating the companies change to making F2P games is what has caused these problems. The shocking cancellation of Ryse’s sequel, was only one of many games the company has dropped from their current list, which worries employees that Crytek is losing their sense of identity. By jumping the bandwagon a little too late each time, they are constantly following behind major competitors in the industry, and adding to their money woes.

Is this the end for Crytek, or could their upcoming releases for next gen consoles, save them from a lot of heartache and debt.