Deep Silver has acquired all the rights to the Homefront IP, and have created a brand new studio to finish up development on Homefront: The Revolution. Dambuster Studios is based in Nottingham, England and will be given every asset Crytek UK created for Homefront: The Revolution.
The acquisition by Deep Silver comes at a very bad time for Crytek. It was reported earlier this month that workers at Crytek UK had stopped showing up for work after Crytek reportedly stopped paying them. Several key members of the Homefront: The Revolution team have quit the studio, including game director Hasit Zala. Neither Deep Silver or Crytek have confirmed if the all the staff from Crytek UK were formed into Dambuster Studios.
Homefront: The Revolution is the sequel to 2011s Homefront, developed by Kaos Studios. THQ hired Crytek to work on a sequel before they went under with Crytek purchasing the rights to the IP. Homefront: The Revolution is supposed to launch in 2015 on PS4, Xbox One, and PC, though it remains unclear how the current situation will affect the release.