Part of the agreement
requires the former staff of Crytek UK to be transferred over to Deep Silver new studio, Dambuster Studio, which is located in Nottingham.
This is part of Crytek's restructuring plan
that would allow them to focus their resources on licensing the CryEngine and developing free-to-play games.
The decision to abandon production of Homefront: The Revolution
comes two months after it was offically announced. Deep Silver now owns all the rights to the series and will continue the project by working with the original development team.
Crytek will also be laying off
most of its staff at Crytek USA while shifting the development of the free-to-play shooter, Hunt: Horrors of the Guilded Age
, to their main studio in Germany. This comes a week after studio head David Adams along with most of the senior staff quit due to companies to failure to pay them.
The remaining staff of Crytek USA will be responsible for assisting users of the CryEngine in North America.
Since mid-June it has been reported
that Crytek has been hit with a series of financial problems that has caused massive internal problems resulting in a mass exodus of talented staffers.
Crytek for the most part had denied the reports until it officially announced that they are undergoing a "transitional phase
It has been speculated
that the root of the problem has to do with the failure of other game studios from adapting the CryEngine along with the failure of Ryse: Son of Rome
, an Xbox One launch title that was universally panned by critics and was a commercial failure.
Homefront: The Revolution
will be a reboot along with a continuation of the original game that follows the efforts of the American resistance movement against the occupation of the country by the Greater Korean Republic (a united Korea under the rule of Kim Jong-un).
It has been speculated that the game will still be released in 2015 for the Next Gen consoles and PC.