Financial trouble | KitGuru https://www.kitguru.net KitGuru.net - Tech News | Hardware News | Hardware Reviews | IOS | Mobile | Gaming | Graphics Cards Thu, 26 Jun 2014 11:32:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://www.kitguru.net/wp-content/uploads/2021/06/cropped-KITGURU-Light-Background-SQUARE2-32x32.png Financial trouble | KitGuru https://www.kitguru.net 32 32 Crytek UK developers were only paid £700 last month https://www.kitguru.net/professional/development/matthew-wilson/crytek-uk-developers-were-only-paid-700-last-month/ https://www.kitguru.net/professional/development/matthew-wilson/crytek-uk-developers-were-only-paid-700-last-month/#respond Thu, 26 Jun 2014 11:28:33 +0000 http://www.kitguru.net/?p=200253 We already know that Crytek seems to be in financial trouble, the company has reportedly cancelled its sequel to Ryse Son of Rome after the Xbox One launch title flopped and staff are leaving left, right and centre. It turns out that the developers currently working on Homefront 2 haven't been paid properly for nearly …

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We already know that Crytek seems to be in financial trouble, the company has reportedly cancelled its sequel to Ryse Son of Rome after the Xbox One launch title flopped and staff are leaving left, right and centre. It turns out that the developers currently working on Homefront 2 haven't been paid properly for nearly three months.

Developers working at the Crytek UK studio were only paid £700 last month, a sum that would barely cover rent for a lot of people. Employees were supposedly told that a deal was being made with Deutsche Bank to try and secure some money but that has been delayed. Currently, staff are expected to be paid tomorrow on the 27th of June but a Develop Online source claims that “this now looks like it won't happen either.”

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The Crytek UK team is currently making Homefront: The Revolution, the team used to contain 90 members but 40 of those have left and according to Develop's source, these salary issues have “added to that number”.

Hiring new recruits is also becoming an issue as people are leaving faster than Crytek can replace them. However, according to Develop, thanks to Ryse 2's cancellation, members from the Crytek Frankfurt team have moved over to work on Homefront.

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KitGuru Says: A lot of what we're hearing about Crytek at the moment is hearsay, there's a lot of anonymous sources involved. However, if this is all true, then things don't look good for the company. What do you guys think of the current state of Crytek? It is a shame to see them decline like this. 

Source: Develop-Online

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Crytek could be in financial trouble, staff unpaid https://www.kitguru.net/channel/jon-martindale/crytek-could-be-in-financial-trouble-staff-unpaid/ https://www.kitguru.net/channel/jon-martindale/crytek-could-be-in-financial-trouble-staff-unpaid/#comments Tue, 24 Jun 2014 07:33:01 +0000 http://www.kitguru.net/?p=199762 You'd never think that with the near legendary status Crytek has within the industry for its stunning engine and its games that historically have been the truest benchmark for a system's ability, it could be that the Crysis developer is in deep financial waters, with some hinting a potential for bankruptcy. These are just rumours …

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You'd never think that with the near legendary status Crytek has within the industry for its stunning engine and its games that historically have been the truest benchmark for a system's ability, it could be that the Crysis developer is in deep financial waters, with some hinting a potential for bankruptcy.

These are just rumours for now, so as always take this sort of thing with a pinch of salt, but the suggestion from German magazine GameStar's (via Eurogamer) sources, is that Ryse: Son of Rome, the Xbox One exclusive quick time brawler, made paltry returns on its massive investment, leaving the company in trouble. There's even rumours that staff haven't been paid in over two months.

Kotaku backed up these rumours with some sources of its own saying that staff at the UK branch of Crytek hadn't been paid since April.

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Tap B really fast to save the company

With these problems in mind, it's understandable that there's also talk of companies trying to lure away the best talent from the developer's different studios. This could potentially snowball and bury the firm, but there's been mentions of a potential buy out too, which could save it – if indeed Crytek is in as deep a waters as it seems. The rumoured top bidder is World of Tanks developer Wargaming.net, but Crytek's public comments have denied pretty much everything, including a potential buyer sniffing around.

“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,” said the Crytek spokesperson.

“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.”

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KitGuru Says: It would be a real shame if an iconic studio like Crytek folded. If it is all to do with Ryse failing as well, it's another indication that the current make-or-break AAA development cycle is pretty unsustainable. A firm as long standing as Crytek should be able to eat one poor selling game now and again and not get into trouble. 

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