Over the past month, rumors have spread that Crytek was facing financial problems and that employees at Crytek UK were not being paid on time. Today, Crytek has released a statement to Gamesindustry.biz about the situation at the company.
In recent weeks, there have been repeated reports and rumors relating to financial problems at Crytek. Having already given an update to staff across all our studios, we are now in a position to share more details with members of the press and public.
Internally, we have acknowledged that the flow of information to employees has not been as good as it should have, however we hope you understand that communicating details of our plans publicly has not always been possible.
Like the games industry as a whole, Crytek has been in a transitional phase. Our evolution from a development studio to an Online-Publisher has required us to refocus our strategies. These challenges go along with an increased demand for capital which we have secured.
A source from Kotaku, also reports that employees are being paid again.