Crytek addresses financial troubles, will focus on free-to-play games

Times have been tough for Crytek, with studio sources citing financial difficulties back in June. The makers of Crysis have now stepped forward to assert their studio's stability. However, they added that they will begin shifting their focus towards self-published free-to-play games, a move that was foreshadowed by last month's rumored cancellation of four prototypes, including a sequel to Ryse: Son of Rome.

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

Previous reports had stated that Crytek employees were not being paid and that a significant number had exited the company. Crytek has admitted a lack of communication and attributes it to being unable to discuss future plans in public.

Crytek is currently working on Homefront: The Revolution in conjunction with Deep Silver, as well as free-to-play shooter, Warface. The studio's American branch recently announced Hunt: Horrors of the Gilded Age at E3.