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Crytek shuts down 5 game studios after a weak 2016

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Crytek has closed five game studios and is concentrating all of its resources in its remaining shops in Frankfurt, Germany, and Kiev, Ukraine.

The Frankfurt-based company — maker of hits such as the Far Cry and Crysis first-person shooters and the CryEngine game development engine — is shutting studios in Hungary, Bulgaria, South Korea, China, and Turkey. This follows months of failing to make payroll as the company scrambled to get more money.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.