CryTek almost Bankrupt

CryTek is the company that made and owns CryEngine. And Entropia Universe uses CryEngine for game engine. I don't know what will happen with Entropia Universe if CryTek Goes bankrupt.

According to Gamestar, the adoption of CRYENGINE is not going well and the word-of-mouth at GDC was negative. Strangely enough, CRYENGINE is currently one of the most optimized engines, so Crytek should really look into its subscription prices otherwise this amazing engine may never be used by other triple-A developers.

Not only that, but Gamestar claims that the development of Ryse was catastrophic for the studio. Just mere months before its release, the game was severely behind and Crytek was able to complete it with additional manpower. And from what we’ve seen thus far, Ryse did not sell as well as Crytek hoped (especially for a console exclusive).

Things are definitely not looking good for Crytek and while Avni Yerli claimed that a cash injection for the company is finally imminent (with a contract to be signed really soon), a lot of big publishers are waiting for a possible bankrupt in order to sign the talent and shop the IPs from Crytek.

For what is worth, Wargaming is listed as a possible buyer of Crytek. If Wargaming does buys Crytek, we can kiss goodbye to all of the studio’s single-player games (as Wargaming is best known for its Free-To-Play games). In short, this may be the end of the Crytek we knew.

But what has happened and the team is facing this major financial issues? According to Yerli, there were “dramatized rumors” from disgruntled ex-employers, something that obviously had a negative impact to Crytek’s public image. Additionally, Crytek has more than 800 employees (a number so huge that explains the company’s possible financial issues). Moreover, Gamestar reported that salaries were paid late and leading employees were sending applications to other studios at home and abroad. And if that wasn’t enough, Warface was only successful in Russia and Crytek’s G-face platform was a big flop.

In short, Crytek is currently in deep trouble and we don’t know whether the studio will be able to recover. And yes, PC gamers can now say to Crytek “We told you so, you had to keep Crysis exclusive to the PC and keep pushing the graphical boundaries.”

• Information is from a half dozen independent sources, according to Yerli "dramatized rumors" from disgruntled ex-employers 
• Salaries are paid late and leading employees are sending applications to other studios at home and abroad 
• Warface doesn't work outside of Russia, other attempts at F2P were unsuccessful 
• G-face was a flop
• The development of Ryse was catastrophic: mere months before release, the title was severely behind, only with additional manpower they were able to finish it
• Disagreements with MS over the ownership of Ryse's IP could be a red flag for other publishers
• Adoption of CryEngine not going as planned, word-of-mouth at GDC was negative
• Too many employees, burn-rate too high (3-5 M euro).
• "The vultures are already circling," says a leading representative for a major publisher.
• Big publishers are not interested in buying outright,would rather wait for bankruptcy, sign the talent and shop the IPs. 
• Belarusian Free2Play giant Wargaming is listed as a possible buyer of Crytek
• Avni Yerli says a cash injection for the company is finally imminent. The contract has not been signed yet, but is as good as in the bag. "It's not all great. Our transition to Free2Play studio was not painless. But that is now behind us, "he concludes.

• Crytek got financial problems
• there are working over 800 employees
• Microsoft and Crytek talked about Ryse 2, but yet it is not in development, because microsoft wants the trademark and crytek don't want to give it up
• Reasons for the problems: Free-2-Play & Cryengine not work as well as expected, crysis 3 and ryse aren't big sellers etc.
• they got saved for now but maybe not forever