‘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.

About MCV Staff

Check Also

470 Pacific [Industry news] Pacific Standard Creative Launches as New Division of Pacific Standard Sound, Merging World-Class Film, Television, and Video Game Capabilities

[Industry news] Pacific Standard Creative Launches as New Division of Pacific Standard Sound, Merging World-Class Film, Television, and Video Game Capabilities

Pacific Standard Sound (PSS), the award-winning sound design and full service post production and sound company whose work spans some of entertainment's most iconic properties, today announced the launch of Pacific Standard Creative (PSC), a new division purpose-built to serve the evolving storytelling and production needs of video game development studios, advertising agencies, trailer houses, and independent productions who demand world-class sound without compromise. Pacific Standard Creative will be helmed by industry veteran Eric Marks, who brings more than a decade of audio and engineering leadership, as well as two years as the Vice President of the Motion Picture Sound Editors (MPSE).