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Something about Crytek and Turkey that seems to be wrong
- Thread starter element
- Start date
Man this makes less sense.
TheSaddestSort
Member
Crytek has 500 million to invest? Wut?
Well done junior.
-Pyromaniac-
Member
lol the source changed the headline, the URL which you can clearly see in the OP clearly says crytek RECEIVES it but now when you click it you get an updated headline and updated URL that says the other way around.
How? They don't have 5 dollars to pay their employees, much less $500 mil.
exmachina64
Banned
The founders are Germans of Turkish descent.
LordBaztion
Member
they are probably moving one of their remaining studios to turkey
Found a Turkish source stating, as far as I understood, that the founder will move the studio into Turkey by investing 500 million dollar.
http://www.hurriyet.com.tr/amp/iste...lik-yatirimla-gelecek-olan-giresunlu-40317187
http://www.hurriyet.com.tr/amp/iste...lik-yatirimla-gelecek-olan-giresunlu-40317187
Pay your employees first you piece of ****
MikeE21286
Member
Exactly. This all seems like nonsense.
Also $500M typically is $500,000 not $500,000,000. I doubt this is actually $500 million.
http://www.accountingcoach.com/blog/what-does-m-and-mm-stand-for
edit: new story claims $500MM. Still seems...unsettling.
Blah. Not really. I mean, $500 m isn't that much when you consider that these numbers often mean the cost of running a studio for numerous years. A big studio like Ubisoft's main one in Montreal must spend hundreds of millions a year only in salaries.
element
Member
It appears that Crytek is getting $500m from Turkey to invest in Crytek in Turkey.
Also the story has been updated since it was posted.
Sadly Amazon has made better improvements and offers better support.
Tallshortman
Member
It's what's wrong with Erdogan, not Turkey.
Slightly Live
Dirty tag dodger
Pity they didn't get this investment before closing all those studios and not playing their employees.
Dictator93
Member
Wtf?!
thelastword
Banned
Crytek, get a Crysis Collection out for next gen consoles built on the latest cryengine. Port Ryse to PS4 and then announce Crysis 4, make a comeback like DOOM 2016 did. Take some inspiration from Crysis 1/Warhead......
privitsan02
Member
Crytek's main issue is getting a publisher. Crysis didn't end on a high note and they have been pretty unreliable with their budgets. With publishers preferring to fund their internal studios lately, they will likely continue to pursue the next big thing instead of going AAA.
Unlike Insomniac, they don't have a perished IP and support from a close publisher, so they aren't out of the woods yet.
Best wishes.
Unlike Insomniac, they don't have a perished IP and support from a close publisher, so they aren't out of the woods yet.
Best wishes.
Alebrije
Member
Seriously...why didn't the satellite studios work on that...
Actually....
...
..What were they working on?
Cryengine market has like 10 assets and still rumored to not be documented.
It appears that Crytek is getting $500m from Turkey to invest in Crytek in Turkey.
Also the story has been updated since it was posted.
Sadly Amazon has made better improvements and offers better support.
Damn lol
CrAzY FiNgErS
Member
Desperate times for a desperate studio?
It appears that Crytek is getting $500m from Turkey to invest in Crytek in Turkey.
Also the story has been updated since it was posted.
Sadly Amazon has made better improvements and offers better support.
That's not what what the article you linked to says, even now, nevermind the headline. Why are you pushing this? It's a bit strange.
cHaOs667
Member
I think that the news are fake.
It's been just a couple of days that they announced they will focus on "their core competencies" and on the studio's in Frankfurt and Kiev (http://www.crytek.com/news/crytek-outlines-future-plans-and-focuses-on-return-to-core-competencies).
Why should they invest money in a studio (Istanbul) they are about to close (IMHO) - this does not make any sense.
I could imagine that the turkish government would do such an investment to save the studio and the workplaces but for Crytek itself such an investment would not make any sense.
It's been just a couple of days that they announced they will focus on "their core competencies" and on the studio's in Frankfurt and Kiev (http://www.crytek.com/news/crytek-outlines-future-plans-and-focuses-on-return-to-core-competencies).
Why should they invest money in a studio (Istanbul) they are about to close (IMHO) - this does not make any sense.
I could imagine that the turkish government would do such an investment to save the studio and the workplaces but for Crytek itself such an investment would not make any sense.
Mr. Pointy
Member
The article says Crytek is investing $500m in Turkey.
Is Monster Hunter Online doing that well?
Is Monster Hunter Online doing that well?
Bruce Springsteen
Member
Wouldn't that make crytek the biggest game developer instantly?
That's a massive amount of money
That's a massive amount of money
KingdomHeartsFan
Member
Rockstar probably has way more than that. Also Nintendo does.
Buy low in uncertain times, use as a keystone to build industry diversification likely and if so, a pretty darn good decision.
Not that this news is true, but no. These kinds of investment announcements are often like this : oh, we'll spend 50 m per year for 10 years, hence the 500 m. A big studio with 2,000 employees can spend 130-140 m easily just on wages and benefits every year.
You mean Kurds and Gulenists?
Wonder if this will have any military applications.
No, $500 M is 500 million dollars. Not $500,000.
GiantBombGamer
Member
*puts on tinfoil hat* Someone is using Crytek to funnel 500mill into Turkey.
*Takes off hat*....I've got nothing, I don't get it.
*Takes off hat*....I've got nothing, I don't get it.