Rumours surrounding the financial problems of Crytek have been flying lately and there has been talk of unpaid employee’s and key members of the studio walking away. Crytek has finally addressed these rumours saying that although they were somewhat unstable, they are now doing well.

“Our evolution from a development studio to an online publisher has required us to refocus our strategies,” said Crytek in a statement to Polygon. “These challenges go along with an increased demand for capital, which we have secured.”

The studio admitted that “the flow of information to employees has not been as good as it should have,” but said that was because they couldn’t publicly discuss plans that were in development.

Crytek is still set to co-publish Homefront: The Revolution with Deep Silver in 2015 but is now starting to move away from traditional games and is looking at developing free-to-play games.

“Ultimately, with our organization, capitalization, portfolio and technologies, we have no laid the foundations for securing Crytek’s future — not just in the short term, but also long term,” said the statement. “We are confident that we will be able to share more positive news on Crytek’s progress soon.”

Written by Thom Edwards

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