Crysis and Ryse developer denies reports of bankruptcy

Crytek, developers of the Crysis series and the Xbox One exclusive Ryse: Son of Rome, could be on the verge of bankruptcy, according to a report from a German magazine.

German gaming magazine Gamestar.de [paywall] suggests that the two main reasons for the financial troubles are attributed to poor sales of CryEngine, and what the magazine described as "catastrophic" development of Ryse: Son of Rome. The developer's free-to-play title Warface is said to be only profitable in Russia.

The developer is apparently also struggling to pay its employees on time, leading some of them to send applications to other studios.

VG247 has asked Crytek for a comment and was provided with the following statement:

"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 rumours which Crytek deny. 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."

The rest of the article is well worth a read on DSO Gaming
which have kindly translated it to English.

Thanks, Games.on.net.