Crytek in financial trouble, five studios eliminated


Less than one week after it came to light that a former Crytek employee was raising funds to finance legal action over unpaid wages, the company has announced plans to close five of its seven studios, so that it can “refocus on its core strengths of developing innovative games and game-development technology.”
Recently we reported on Crytek’s allegedly troubled situation and how it would impact the upcoming free-to-play MOBA Arena of Fate, but there wasn’t any sort of official confirmation for this dire situation… until now.

PCGamer has confirmed that the German company is planning on closing five of its seven studios, to “refocus on its core strengths of developing innovative games and game-development technology.” Frankfurt and Kiev will remain operative, while studios in Budapest, Sofia (Crytek Black Sea, developers of Arena of Fate), Seoul, Shanghai, and Istanbul “will not remain within Crytek”, which could mean they are up for sale or will be shuttered for good.

The announcement added that Crytek’s two remaining studios will “continue to develop and work on premium IPs,” which doesn’t give anything about the business model of future titles, or the fate of free-to-play games Hunt: Horrors of the Gilded Age and Arena of Fate. The CryEngine is certainly going to be one of the focus of the studio, and it could possibly return to one of its major successes, the Crysis series.

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