Homefront IP acquired by Koch Media, development moved to Dambuster Studios

Koch Media has acquired the Homefront IP from Crytek as well as the transfer of its Crytek UK staffers to Deep Silver's new Nottingham studio.

The Homefront brand and all coherent assets from Crytek, including Homefront: The Revolution, will now be developed in the newly-founded Nottingham-based Deep Silver Dambuster Studios.

Dambusters was established on July 21 in the UK, according to records from Companies House. Hasit Zala, former head of Crytek UK, is now studio director at Dambuster Studios, according to documents seen by VG247.

Cyrtek has confirmed it had been in discussions with Koch Media regarding the acquisition of rights for the Homefront IP, as well as the transfer of the Homefront team from Crytek's Nottingham studio to Koch Media "in compliance with English law."

"[They] will continue their hard work on upcoming shooter Homefront: The Revolution," said the Crytek statement. "Both parties hope to finalize and implement a deal soon."

“We are thrilled to see another great IP joining the Deep Silver universe,” says Dr. Klemens Kundratitz, CEO of Koch Media Group. “We strongly believe in the potential of Homefront: The Revolution and trust in the new team to continue the path they have been walking in the last years.”

Deep Silver Dambuster Studios is the third development studio within the Koch Media Group, joining Deep Silver Volition and Deep Silver Fishlabs.

Earlier this month, game director Hasit Zala was rumored to have left Crytek UK after reports surfaced that Crytek as a whole was in financial trouble, with Ryse 2 cancelled.

Crytek UK staff were said to have filing out of the place after not being paid.

Crytek recently released a statement on its financial situation, saying it was going through a “transitional phase” of moving from developer to publisher.

The firm announced it was able to secure more capital in order to “concentrate on the long term strategic direction” of the company.

We wonder if part of this "capital" was from the sale of the Homefront IP to Koch.

It was also reported that Crytek UK employees had finally been paid, after not having been provided full wages since April.

Homefront: The Revolution was announced by Crytek UK for a 2015 launch on PC, PS4, Xbox One, Mac and Linux back in June.