Crytek signs 'huge' licensing deal with mystery firm

Crytek signs 'huge' licensing deal with mystery firm
Craig Chapple

By Craig Chapple

March 16th 2015 at 2:44PM

Publisher hopes to announce partner soon

Crytek has signed a major licensing deal with a mystery firm as part of its strategy to put the company on a more stable footing following its troubles last year.

Last year the firm went through well-documented financial difficulties as it struggled to pay staff in full and seemingly stay afloat. Following a turbulent few months, the company eventually released a statement claiming it had secured extra capital to carry on as a business, though this still came at the expense of its Nottingham studio.

Speaking to Develop at GDC, Crytek co-founder Faruk Yerli and head of PR Jens Schaefer said rather than securing funding from an investor as many had believed, the injection of money had come from a new licensing deal that it had been working on for a "long time".

Yerli described it as a “huge" deal for Crytek that would put the firm back on track.

The studio co-founder was unable to elaborate on specific details, such as whether it was to do with its powerful development tech CryEngine that has powered the Crysis series and Star Citizen, but said he was hopeful of announcing the deal with its mystery new partner soon.

“A lot of people are under the impression we had to find a new investor or something, but that wasn’t the case. We made a licensing deal,” said Schaefer.

Yerli added: “It was a huge one, probably the biggest one. I can’t say anything more in detail, but hopefully we’ll be able to announce it with the partner soon.”

We’ll be publishing the full interview with Yerli on the state of Crytek and its plans for the future later this week.