‘Huge’ licensing deal puts Crytek ‘back on track’

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

Speaking toDevelopat 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.

Head over to Develop for more info.