Heaven Angel Posted July 30, 2014 Report Share Posted July 30, 2014 Deep Silver has acquired the Homefront intellectual property from Crytek, and Homefront: The Revolution is now being developed at a new studio, Deep Silver Dambuster Studios, Deep Silver announced today. "We are thrilled to see another great IP joining the Deep Silver universe," said Dr. Klemens Kundratitz, CEO of Deep Silver parent company Koch Media, in a press release today. "We strongly believe in the potential of Homefront: The Revolution and trust in the new team to continue the path they have been walking in the last years." According to Koch Media, the acquisition includes "the Homefront brand and all coherent assets." The company did not disclose financial terms of the deal. Homefront: The Revolution is the upcoming sequel to Homefront, which was developed by the now-defunct Kaos Studios and published by the now-defunct THQ. Nottingham, U.K.-based Crytek UK, formerly known as Free Radical, began developing the sequel for THQ. The studio's parent company, Crytek, acquired the Homefront IP from THQ for just over $544,000 after the latter company went bankrupt in December 2013. Deep Silver had already been jointly publishing Homefront: The Revolution with Crytek. A Deep Silver representative confirmed in an email to Polygon today that Deep Silver Dambuster Studios, which is also located in Nottingham, is a new company founded specifically to take over development of Homefront: The Revolution and the Homefront franchise. Dambuster Studios is Deep Silver's third internal development house, joining Champaign, Illinois-based Deep Silver Volition and Hamburg, Germany-based Deep Silver Fishlabs. The representative could not confirm whether any developers from Crytek UK are moving to Dambuster Studios to continue working on Homefront: The Revolution, because "all of this is still in process." Crytek UK and Crytek have been dogged by numerous recent reports of financial turmoil, including rumors that employees were refusing to come into work after weeks of not receiving paychecks. Crytek released a statement earlier this week saying that it had secured the additional funds it needed to continue its transition from a developer to an online publisher. The company acknowledged that "the flow of information to employees has not been as good as it should have." So this is how they solved their financial issues.(?) Nothing good happening for CRYTEK. Sigh! Via Polygon Link to comment Share on other sites More sharing options...
HundredProofSam Posted July 30, 2014 Report Share Posted July 30, 2014 Link to comment Share on other sites More sharing options...
Big Boss Posted July 30, 2014 Report Share Posted July 30, 2014 So Deep Silver is next? Link to comment Share on other sites More sharing options...
Abdulah Posted July 30, 2014 Report Share Posted July 30, 2014 So this is how they solved their financial issues.(?) Nothing good happening for CRYTEK. Sigh! Via Polygon Link to comment Share on other sites More sharing options...
LeonardoInventions Posted July 30, 2014 Report Share Posted July 30, 2014 That's not all Firstly, Crytek has been in extensive discussions with leading producer and distributor of digital entertainment products, Koch Media, regarding the acquisition of rights for the "Homefront" IP. On completion of the proposed acquisition, the Homefront team from Crytek's Nottingham studio would transfer their talents to Koch Media in compliance with English law and continue their hard work on upcoming shooter, "Homefront: The Revolution". Both parties hope to finalize and implement a deal soon.The internal restructuring will also see the development of Crytek IP, "HUNT: Horrors of the Gilded Age", transferred from their studio in Austin, USA to Frankfurt. Crytek will retain a presence in Austin, with several staff members maintaining the CRYENGINE support team to assist North American licensees. Employees who are not set to be part of that support team will be invited to apply for new positions at Crytek in Germany.Crytek founder and CEO, Cevat Yerli, said: "As we look to cement Crytek's future, this strategic deal with Koch Media would allow us to continue with our ambitious goals to become an online publisher. With Warface, Arena of Fate and HUNT, we believe we have the perfect portfolio and teams to make that happen. We would like to thank all our staff - past and present - in both Nottingham and Austin for their contributions to the company, and we wish all the very best to anyone who may no longer be under the Crytek banner moving forward."Crytek's studios in Budapest, Istanbul, Kiev and Sofia will continue to operate as usual. A closer collaboration between Crytek's studios in Shanghai and Seoul is under review. Vigil bites the dust again.. Link to comment Share on other sites More sharing options...
Aftrunner Posted July 30, 2014 Report Share Posted July 30, 2014 "As we look to cement Crytek's future, this strategic deal with Koch Media would allow us to continue with our ambitious goals to become an online publisher. With Warface, Arena of Fate and HUNT, we believe we have the perfect portfolio and teams to make that happen." All aboard....... Also I dont know how much Deep Silver paid for homefront but really that IP isnt worth a damn. So unless they got a half done game, tons of Crytek talent etc from it, it cant be a great deal. Link to comment Share on other sites More sharing options...
HundredProofSam Posted July 30, 2014 Report Share Posted July 30, 2014 Koch had spent indiscriminately even in the THQ auction, so I wouldn't be surprised if they overvalued the IP. If they were smart, taking on Crytek staff that might have otherwise been laid off would have been part of the deal. Link to comment Share on other sites More sharing options...
WhiteWolf Posted July 30, 2014 Report Share Posted July 30, 2014 Deep Silver buys Homefront from Crytek Big mistake ...Homefront IP is f**king cursed... :| Link to comment Share on other sites More sharing options...
MarketTantrik Posted July 31, 2014 Report Share Posted July 31, 2014 Homefront was a pretty good game. Interesting premise and decent execution. The MP was a lot of fun. I hope Deep Silver manages to salvage and perhaps, redeem the IP. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.