Crytek Is Not Going Bankrupt

Over the weekend German Video Game Magazine published quite a scandalous rumor about Crytek.  GameStar (translated by Dark Side of Gaming) alleged that the company was going bankrupt due to the low adoption rate of CryEngine 3, and the “disaster” that was Ryse: Son of Rome’s development and poor sales.  As expected, Crytek has denied the rumor:

“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,” a company spokesperson told Eurogamer.

“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.”

Crytek had an impressive showing at E3, and for the first time, actually had their own dedicated booth.  The studio is currently developing Homefront: The Revolution, Hunt: Horrors of the Gilded Age, and Arena of Fate. I don’t think Crytek is going anywhere anytime soon.