Crytek Finally Acknowledges Financial Situation, Won’t be Communicating Future Details About “Developments & Progress”

With video game company Crytek making waves in the news for all the wrong reasons lately, it’s just a matter of time before the company that brought us Crysis finally speaks up — and today, it has.

In a statement to Games Industry, a Crytek representative has given a rather lengthy message to people prying into the company and its host of financial dilemmas. Long story short: Crytek has secured additional funding but it won’t talk about further “developments and progress” in the future. 

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.

Does this mean Homefront: The Revolution is for sale? Continuing development as usual? We honestly do not know at this point. Whatever the case may be, let’s just hope that whomever’s still with the company are still getting paid.

What do you make of Crytek’s statement? Is this a sure sign that they’re abandoning triple A development for free-to-play games?

[Source: Games Industry]