Crytek Acquires Rights to Homefront IP

FRANKFURT, Germany, January 24, 2013 /PRNewswire/ --



Crytek GmbH today announced the acquisition of the intellectual property rights for the Homefront franchise following an auction of assets by THQ Inc. Crytek's association with the Homefront IP began in autumn 2011, when the developer announced it would be creating the second game in the series in partnership with THQ Inc. Following THQ's recent decision to file for chapter 11 bankruptcy and the subsequent sale of the publisher's assets, Crytek submitted the high bid at auction to secure the rights to the Homefront franchise.

Crytek CEO, Cevat Yerli, said: "Since we first reached an agreement to develop Homefront 2, we've been firm believers in the IP and its potential to excite and amaze players. Our cooperation with THQ was always positive and we would like to thank them for all their support over the last two years and express our sympathy to those affected by the recent events at the company."

Development work will continue on Homefront 2 at Crytek's UK studio in Nottingham. "From day one, the Homefront 2 team has been committed to creating a game that takes the series to new heights and features the level of quality and innovation associated with Crytek," said Nick Button-Brown, General Manager of Games at Crytek. "Nothing has changed with regards our development of the game, and we look forward to sharing the finished product with players."

About Crytek GmbH

Crytek GmbH ("Crytek") is an independent company at the forefront of the interactive entertainment industry, and is dedicated to pushing the boundaries of gaming by creating standout experiences for Xbox 360, Playstation 3, PC, mobile devices and games-as-service using their cutting-edge 3D-Game-Technology, CryENGINE®.

The company's headquarters are in Frankfurt am Main (Germany). Crytek also has studios in Kiev (Ukraine), Budapest (Hungary), Sofia (Bulgaria), Seoul (South Korea), Nottingham (UK), Shanghai (China) and Istanbul (Turkey).

Since its foundation in 1999, Crytek has consistently been recognized for excellence in its field, earning accolades such as the 2011 Develop Award for Best Independent Studio and a 2010 Red Dot Design Award. Its multi-award winning games include Far Cry®, Crysis® (awarded best PC Game of E3 2007 and Best Technology at the 2008 Game Developers Choice Awards), Crysis Warhead® (awarded Best Graphics Technology at IGN Best of 2008

Awards), Crysis® 2 (awarded Best Shooter of E3 2010 and Gamescom 2010) and Warface (awarded Best Social/Casual/Online Game of Gamescom 2012). For more information, please visit http://www.crytek.com.

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SOURCE Crytek GmbH