Crytek denies being on the brink of bankruptcy

Game developer Crytek denies having major financial problems. Rumors about this appeared on Monday in an article by the German magazine Gamestar. In an interview with Eurogamer, a spokesperson for the studio denied all the reports.

The rumors could be traced to attempts by Wargaming.net, the studio behind World of Tanks, among others, to take over Crytek. Anvi Yerli, co-founder of Crytek, told Gamestar a potential Wargaming takeover was a rescue for the studio; it would give Crytek access to an important new source of money.

Rumors that Crytek might be in dire straits were heightened by the fact that a number of employees did not receive their paychecks on time or at all in the two months before E3 in July. Also, an unknown number of executives would have applied to other studios and the 800 employees the studio currently employs would be too many to operate profitably.

Furthermore, the disappointing sales figures of Ryse: Son of Rome and Crysis 3 would not have done the studio much good. However, Crytek denies all rumors to Eurogamer and the company says it will continue to develop upcoming titles such as Homefront: The Revolution and Arena of Fate. Crytek also emphasizes that it will continue to provide support for its CryEngine.