Crytek comes forward about its recent financial woes

[Administrator]

Last month reports were emerging that Crysis and Ryse: Son of Rome developer Crytek was in dire straits financially. Various sources came forward about staff being months behind in payments while a proposed deal with Microsoft to secure funding for a Ryse sequel fell through when Crytek remained adamant that it wasn't willing to give up its IP.
At the time, Crytek maintained that the rumours of its financial situation were unfounded, but today the company came forward and admitted that things were looking grim. However, it had to keep mum about it while it sought out additional funding - which it thankfully came across.
According to a statement issued to VentureBeat, the CryEngine developer was "in a transitional phase" and has since found the capital necessary to proceed with its upcoming project like Homefront: The Revolution and Hunt: Horrors of the Gilded Age.
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