Crytek sells Homefront IP to Deep Silver

"Deep Silver has announced that it has acquired the Homefront property from Crytek, including the recently-announced Homefront: The Revolution, which will be completed at its new "Dambuster Studios."

The source of Crytek's recently-announced new capital appears to have been revealed as Deep Silver, the proud new owner of all things Homefront. "We are thrilled to see another great IP joining the Deep Silver universe," Koch Media Group CE Dr. Klemens Kundratitz said in a statement. "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."

The game will be finished by Deep Silver Dambuster, a new addition to Koch Media's studio lineup. Deep Silver declined to comment on whether it's actually a new studio or if Crytek UK has also been acquired and renamed, saying that it's still in the process of setting things up."

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Things are not looking good at all for Crytek recently. Earlier in the months the director of the Homefront sequel resigned and so did a bunch of people, then Crytek assured people that even though they had financially problems in the past things were starting to look up, and now this.

Some sites are even reporting that Crytek just fired a bunch employees from their UK branch who were developing the game leading to rumors that Crytek UK might shut down. Crytek UK was also known as Free Radical before their purchase in 2009, known for the Timesplitter series.