Crytek to close multiple studios
Company is undergoing restructuring and will only keep two locations open
Crytek today outlined a series of changes to its future business plans that will see the company refocus.
As part of the changes, Crytek will concentrate on development in its Frankfurt and Kiev studios and continue to develop and work on their 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 be closed however. This includes Crytek Sofia, Crytek Budapest, Crytek Istanbul, Crytek Seoul, and Crytek Shanghai. Management says it has put plans into action to secure jobs and to ensure a smooth transition and stable future.
The company already went through similar financial trouble just two years ago, and had to sell off assets. On 30 July 2014 Crytek announced a strategic deal where the rights to Homefront including Homefront: The Revolution and the Crytek UK staff were transferred to Koch Media.
The most recent release from the publisher was Robinson: The Journey for PlayStation VR last month. The company is perhaps best known for their Crysis franchise.