DV Hardware bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, ATi, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
August 20, 2014 
Main Menu

Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 114 people online.

 

Latest Reviews
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
ZOWIE G-TF Rough mousepad
ROCCAT Isku FX gaming keyboard
Prolimatech Magnetic Pin
 

RSS
RSS





 

Is Crytek facing bankruptcy?

Posted on Monday, June 23 2014 @ 12:37:45 CEST by


VR Zone reports Crytek is in a perilous financial situation. Not only is the company struggling to market its CryEngine game engine but it also wasted a lot of money on Ryse, an Xbox One exclusive game that failed to become a hit.

The site adds that CryEngine is a very impressive game engine but notes that there's no market for it as the current generation of video game consoles don't require a game engine capable of pushing graphics realism to the next level.
But CryTek is facing a two-fold problem: developers don’t seem to be interested in the CryEngine, and the company is hemorrhaging cash after significantly ramping up manpower to get its Xbox One exclusive Ryse out the door on schedule – which was a dud for sales. According to DSOGaming’s summary of a report from the German magazine Gamestar, the company is in such bad financial shape that its only option might be to declare bankruptcy. Reportedly, employees are leaving and a number of companies are reportedly waiting to snatch up IP should the company declare bankruptcy and put its assets on the auction block.



 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2014 DM Media Group bvba