Tuesday December 20, 2016

Crytek Shuts Down Five Studios

After rumors of payroll issues surfaced last week, Crytek has announced today that it is closing five studios to "refocus on its core strengths." The press release states that only its Frankfurt and Kiev studios will remain open, leaving Budapest, Sofia, Istanbul, Shanghai and Seoul to be closed or sold.

Crytek today outlined a series of changes to its future business plans that will see the company refocus on its core strengths of developing innovative games and game-development technology. As part of the changes, Crytek will concentrate on development in its Frankfurt and Kiev studios and continue to develop and work on premium IPs. CRYENGINE will remain a core pillar of Crytek’s overall strategy, with enterprise licensees and indie developers alike continuing to be served by regular engine updates. All other development studios will not remain within Crytek and management has put plans into action to secure jobs and to ensure a smooth transition and stable future.