Crytek Gets Funds for "Transitional Phase"

There's a statement from Crytek on GamesIndustry.biz addressing a series of rumors of financial problems at the German publisher/developer, including reports of missed payrolls. After previously denying the validity of these reports, they now acknowledge they've had to secure additional funding as they work through a "transitional phase" from development studio to online publisher. Here's their statement:
In recent weeks, there have been repeated reports and rumors relating to financial problems at Crytek. Having already given an update to staff across all our studios, we are now in a position to share more details with members of the press and public.

Internally, we have acknowledged that the flow of information to employees has not been as good as it should have, however we hope you understand that communicating details of our plans publicly has not always been possible.

Like the games industry as a whole, Crytek has been in a transitional phase. Our evolution from a development studio to an Online-Publisher has required us to refocus our strategies. These challenges go along with an increased demand for capital which we have secured.

We can now concentrate on the long term strategic direction of Crytek and our core competencies. We kindly ask for your understanding, that we won't be communicating further details about our developments and progress.

Ultimately, with our organization, capitalization, portfolio and technologies we have now laid the foundations for securing Crytek's future - not just in the short term, but also long term.

Through this period of speculation, we are thankful for the support and encouragement we've received from our community and our partners, and for the contribution all of our staff have made. We remain committed to doing what we are best known for and trying to develop the best interactive experiences and technology possible for everyone who loves gaming.

We are confident that we will be able to share more positive news on Crytek's progress soon.
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Re: Crytek Gets Funds for
Jul 25, 2014, 21:14
15.
Re: Crytek Gets Funds for Jul 25, 2014, 21:14
Jul 25, 2014, 21:14
 
DangerDog wrote on Jul 25, 2014, 20:14:
As generous as their offer to make games with CryEngine is I just don't see there being enough talent to make that happen, not when everywhere you turn people are putting out tutorial vids on making games with Unreal Engine or Unity.
And there is a reason for that. Lacking support from Crytek for people interested in using the CryEngine. Arrogant behavior against people seeking help or asking for certain features. Lacking documentation. Not very intuitive tools require a hefty amount of work to produce something you can achieve with the UDK or Unity very, very fast. The CryEngine licensing business has failed. It's dead.

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