Koch Media opens UK studio and acquires Homefront IP

Koch Media opens UK studio and acquires Homefront IP
Craig Chapple

By Craig Chapple

July 31st 2014 at 10:45AM

Crytek restructuring operations and moving development away from Austin base; may close Shanghai and Seoul studios

Deep Silver parent company Koch Media has acquired the Homefront IP and opened new UK developer Dambuster Studios.

Staff who were working from on Homefront at Crytek's Nottingham studio will form the new company. Develop has sought clarification on Deep Silver's new permament presence in the UK and what it means for Crytek UK.

Staff at the UK developer had recently missed a number of payments due to financial problems at Crytek, and it was believed a number of employees staged a walkout in protest after months of reduced wages.

Though many staff working on Homefront: The Revolution have already left, the Deep Silver acquisition may mean a more settled development for the troubled game.

Crytek recently secured funding after months of financial turmoil. The company has now revealed it will move development of its new IP Hunt: Horrors of the Gilded Age away from its Austin studio in the US to its Frankfurt office.

Develop has contacted Crytek on what this means for the Austin studio, though the publisher said “employees who are not set to be part of that support team will be invited to apply for new positions at Crytek in Germany”.

The Shanghai and Seoul studios are currently under review.

Crytek’s studios in Budapest, Istanbul, Kiev and Sofia will “continue to operate as usual”.