Deep Silver Buys Rights to Homefront from Crytek Amidst Financial Woes
Koch Media and its subsidiary publishing label, Deep Silver, have announced they have acquired the Homefront IP and all of its assets from Crytek.
The studio known for TimeSplitters have been enduring some rumored financial woes as of late, and selling off one of its most anticipated, premier franchises off to a different studio while in the midst of developing a new title is a telltale sign that there are massive changes coming for Crytek. The Germany-based studio was originally working on Homefront: The Revolution, but have now sold its remains and progress to Deep Silver's Dambuster Studios, of Nottingham, England.
“We are thrilled to see another great IP joining the Deep Silver universe,” says Dr. Klemens Kundratitz, CEO of Koch Media Group. “We strongly believe in the potential of Homefront: The Revolution and trust in the new team to continue the path they have been walking in the last years.”
Deep Silver's Dambuster Studios joins its Volition and Silver Fishlabs teams, making up the three development teams of Deep Silver under Koch Media. Kotaku reports that Homefront: The Revolution's progress in development was already questionable due to a number a senior staff members leaving Crytek over the past few months, including the developer's studio head, Karl Hilton, and Homefront's director, Hasit Zala. Many developers have been reportedly walking out of their positions at Crytek's Frankfurt studio due to various financial issues, such as delayed and missed paychecks.
Crytek is recently known known for Crysis 3 and Ryse: Son of Rome. It also includes most of Free Radical Design, the team that created the cult classic first-person shooter, TimeSplitters. Kotaku is unsure just how many employees left Crytek or how many will return now that the studio is reportedly paying what is owed.
"Of course the whole situation has been deeply uncomfortable and has seen trust eroded," said an inside source at Crytek. "Many people have decided to move on."
Mind you, Crytek owns studios across the world, but much of its recent controversy is isolated in its UK and Germany-based offices. On the other hand, there are rumors of its other studios suffering from the same financial setbacks.
Just a few days ago, Crytek released the following statement (courtesy of GamesIndustry.biz):
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.
We can now concentrate on the long term strategic direction of Crytek and our core competencies. We kindly ask for your understanding, that we won't be communicating further details about our developments and progress.
Ultimately, with our organization, capitalization, portfolio and technologies we have now laid the foundations for securing Crytek's future – not just in the short term, but also long term.
Through this period of speculation, we are thankful for the support and encouragement we've received from our community and our partners, and for the contribution all of our staff have made. We remain committed to doing what we are best known for and trying to develop the best interactive experiences and technology possible for everyone who loves gaming.
We are confident that we will be able to share more positive news on Crytek's progress soon.
Stay tuned as we will keep you updated on Crytek's recent controversies and Homeland: The Revolution's development once more information is available.