Hey, remember that very upbeat and positive message that Crytek put out about securing their financial future? Well let’s just say that the happy smiles and positive tone that were in the message might have been hiding some not so good thing. According to new information from Crytek the money to stay afloat has come from selling off an IP that they just purchased not that long ago.

Over the past few months there have been more than a few articles about Crytek and its financial stability. We have heard many rumors including one that claimed they (Crytek) were unable to pay their employees. These rumors have come from multiple sources and appear to be backed up by more than a few key players leaving the company.

The next version of Doom will be picking up some new talent to work on it in the form of Crytek Lead R&D Graphics Engineer, Tiago Sousa. In a tweet made over the weekend Sousa says that he will be moving to id Software to work on the new Doom’s game engine idTech 6.

A couple of days ago the rumor that Crytek was in serious financial trouble spread around the internet like a clickbait video. We saw it pop up on multiple social media sites with links to multiple sources. As with many viral stories like this everything could be traced back to a single article once you got through the mess. This original article was published on GameStar.de and is hidden behind a paywall (again not unexpected).

Deep Silver and Crytek have announced a follow on to the game Homefront. Called Homefront: The Revolution the game is expected to hit next generation consoles and the PC sometime in 2015. The story fast forwards you four years after the invasion of the US by North Korea. The original Homefront was published by the now gone THQ.

Crytek has finally officially announced its new game Arena of Fate, confirming that at the release will be available for the PC and the next gen consoles. Arena of Fate is a fantasy MOBA (although Crytek describes only multiplayer title) in which two teams of five players compete in the quest for dominance. The game will offer us a number of well-known and popular characters such as Frankenstein, Jack the Ripper and Baron Munchhausen.

When Microsoft announced Windows 8 there were many consumers and people in the industry that raise their eyebrows. Here was an OS designed to integrate with Microsoft cloud services and gaming products. It seemed like a bad move for Microsoft as it put them in competition with many companies that developed games and software for the PC. Still some held out that even though Windows 8 would be more integrated into the Microsoft Eco system than ever it would not mean they could not use whatever software or application they wanted. Microsoft even seemed to confirm this in a few of their building Windows 8 blog posts.

Cevat Yerli from Crytek, in a recent interview, revealed that they intend to fully switch to free-to-play titles. Yerli is hoping that Crytek will begin to rely on the free-to-play billing model in two to five years. [This is something that many companies are considering to create a more stable revenue stream – Ed]

Although the Wii U was announced as a console that will be able to brag with not only hardware but also a collection of popular games it looks like that won’t be the thing. Even though they expected to present a decent match to natives on the console market, like the PlayStation 3 and Xbox 360, things do not look so good.

Large developers like Crytek and CCP believe that Sony's support for free-to-play games will ultimately lead to the PlayStation's comeback to the top of the console market. Sony has recently released a free version of SingStar, in which users pay only music and the PS3 will soon have the first big Free2Play (f2p) title from CCP - Dust 514th. “If Sony embraces free-to-play as a major way for PlayStation, that could be the key console” Crytek's Cevat Yerli said. Crytek has also seriously dedicated themselves to the free-to-play model, and are currently working on an interesting FPS named Warface.