Crytek, the studio behind the famous graphic-intensive shooter franchise Crysis, Ryse: Son of Rome and the game development engine CryEngine, has announced its bankruptcy after suffering from financial struggles all last year.
The studio announced that it closed five of its branches, specifically Bulgaria (Crytek Black Sea), Hungary (Crytek Budapest), China (Crytek Shanghai), Turkey (Crytek Istanbul), and South Korea (Crytek Seoul). Crytek Co-Founder and Managing Director, Avni Yerli, released a statement explaining the situation, and admitting it was hard to take such a decision.
“Undergoing such transitions is far from easy, and we’d like to sincerely thank each and every staff member – past and present – for their hard work and commitment to Crytek.”
He continued to discuss Crytek’s future plans and what they intend to focus on.
“Our focus now lies entirely on the core strengths that have always defined Crytek – world-class developers, state-of-the-art technology and innovative game development, and we believe that going through this challenging process will make us a more agile, viable, and attractive studio, primed for future success.”
It’s sad to see what is happening with Crytek, but we wish them all the best in the future and hope things get better with time.