British developer Deep Silver parent company acquires Homefront from Crytek, other studios ‘under review’

Deep Silver’s parent company Koch Media has bought the Homefront IP from Crytek soon after the UK branch was reported suffering from financial problems. The move will also involve a number of employees moving to the Deep Silver Dambuster Studios in order to comply with UK law.

In an email, Crytek CEO Cervat Yerli said: “We would like to thank all our staff – past and present – in both Nottingham and Austin for their contributions to the company, and we wish all the very best to anyone who may no longer be under the Crytek banner moving forward.”

Crytek reportedly had troubles paying employees and resulted in many workers walking out while working on the new game Homefront: The Revolution. Crytek however denied that it was in any financial pressure after a ‘disaster’ development of Ryse.

Crytek who originally bought the original IP from THQ for $500,000 after the company’s bankrupt proceedings, says they “hope to finalize and implement a deal soon.”

The press release also reports on talks about further restructuring within the company including the IP “HUNT: Horrors of the Gilded Age” which will be transferred to Frankfurt in Germany from Austin US. Some Austin studio members will continue to work maintaining the CRYENGINE support team to assist North American licensees.

Other members not part of that team will supposedly lose their jobs however can apply to the Frankfurt studio.

Further studios in Shanghai and Seoul are also said to be ‘under review’ due to the major restructuring that Crytek is taking forward.

Source: CRYTEK