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Crytek has reportedly not paid some employees for over 3 months

Crytek has reportedly not paid some employees for over 3 months

Crytek has reportedly not paid some employees for over 3 months

Crytek has reportedly not paid some employees for over 3 months

 
Over the past few years, Crytek has been having some huge financial issues, with Crytek selling Crytek UK to Deep Silver back in 2014 and significantly lowering their US presence after a long period of financial difficulties, which left a large number of developers unpaid for several months
 
While Crytek was able to get past these previous financial issues, it looks like the company is now back in the red, finding it difficult to pay developers in all of Crytek's divisions due to the simple fact that the company has failed to make a profit for several years. 
 
Crytek has had some recent successes licencing their CryEngine game engine for use in Amazon's Lumberyard game engine and in Film Engine, a movie production will which allows directors to see rendered scenes in real-time. Now it seems that these successes have not generated enough revenue for Crytek to continue running smoothly. 

  

Crytek has reportedly not paid some employees for over 3 months

 

Sources from LetsPlayVideoGames report that Black Sea Studios have not been able to pay their employees for three and a half months and that the studio is currently up for sale with the interest of a "big name company". 

Right now, Crytek Black Sea is currently developing  Arena of Fate, a free-to-play MOBA, which is the first game for the studio to develop since it was purchased by Crytek back in 2008. 

Other reports have claimed that Crytek has not received payments which are owed to the company through licensing its engine to third parties, with Crytek currently seeking a business loan to keep the company in operation until it is paid what it is owed. 

 

You can join the discussion on Crytek's current financial difficulties on the OC3D Forums.   

 

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Most Recent Comments

11-12-2016, 12:27:11

NeverBackDown
Strange. Didn't they get like a 100$ million investment from a source who didn't want to be named? I swear I remember reading something where they received a massive investment from a large companyQuote

11-12-2016, 16:00:50

wozza365
Quote:
Originally Posted by NeverBackDown View Post
Strange. Didn't they get like a 100$ million investment from a source who didn't want to be named? I swear I remember reading something where they received a massive investment from a large company
Not a lot of runway really when you have so many employees and rent to pay and literally no income from games. They are relying solely on CryEngine.

Wouldn't be surprised if EA was waiting for the perfect moment to buy them for next to nothing.Quote

12-12-2016, 06:16:05

Warchild
How has this popped up again?

This was also mentioned over a year ago when the rumours of Crytek going bankrupt came about.

Strange that the same details have popped up regarding 3 month unpaid salary.

And yes NBD you are correct.Quote

12-12-2016, 07:43:26

SuB
Didn't we discover that investment came from Amazon? Since they now offer the Crytek engine as part of their 'services' now...Quote

12-12-2016, 15:17:12

NeverBackDown
Quote:
Originally Posted by SuB View Post
Didn't we discover that investment came from Amazon? Since they now offer the Crytek engine as part of their 'services' now...
Ah yes it was Amazon! They announced a game I think using this engine too iirc. I really don't think Crytek will go out if business if Amazon is backing them.. Amazon isn't hurting for money.Quote
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