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Koch Media Acquires Homefront IP

Koch Media Acquires Homefront IP

Wed 30 Jul 2014 4:12pm GMT / 12:12pm EDT / 9:12am PDT
Development

Update: Statement from Crytek, development of Hunt transferred to Frankfurt

Update

Crytek has outlined its plans for the future in a formal statement to GamesIndustry.biz

Firstly, Crytek has been in extensive discussions with leading producer and distributor of digital entertainment products, Koch Media, regarding the acquisition of rights for the "Homefront" IP. On completion of the proposed acquisition, the Homefront team from Crytek's Nottingham studio would transfer their talents to Koch Media in compliance with English law and continue their hard work on upcoming shooter, "Homefront: The Revolution". Both parties hope to finalize and implement a deal soon.

The internal restructuring will also see the development of Crytek IP, "HUNT: Horrors of the Gilded Age", transferred from their studio in Austin, USA to Frankfurt. Crytek will retain a presence in Austin, with several staff members maintaining the CRYENGINE support team to assist North American licensees. Employees who are not set to be part of that support team will be invited to apply for new positions at Crytek in Germany.

Crytek founder and CEO, Cevat Yerli, said: "As we look to cement Crytek's future, this strategic deal with Koch Media would allow us to continue with our ambitious goals to become an online publisher. With Warface, Arena of Fate and HUNT, we believe we have the perfect portfolio and teams to make that happen. We would like to thank all our staff - past and present - in both Nottingham and Austin for their contributions to the company, and we wish all the very best to anyone who may no longer be under the Crytek banner moving forward."

Crytek's studios in Budapest, Istanbul, Kiev and Sofia will continue to operate as usual. A closer collaboration between Crytek's studios in Shanghai and Seoul is under review.

Original story

Koch Media has acquired the Homefront IP from Crytek and assets from Crytek for an undisclosed sum.

"We are thrilled to see another great IP joining the Deep Silver universe," says Koch CEO Dr Klemens Kundratitz.

"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."

Koch Media will develop the upcoming title Homefront: The Revolution at its new studio Deep Silver Dambuster Studios in Nottingham. According to Eurogamer staff from the troubled Crytek UK studio, who had been working on the game, will form this new studio.

VG247 reported that Hasit Zala, former head of Crytek UK, is now studio director at Dambuster Studios.

Dambuster is Deep Silver's third development studio, joining Deep Silver Volition and Deep Silver Fishlabs.

It's been a bumpy road for the Homefront IP so far. The first game was developed by Kaos Studios and published by THQ. Crytek was working on a sequel for THQ, and snapped up the IP once THQ closed.

10 Comments

DAMBUSTERS FTW! Go Deep Go SILVER!

Posted:2 months ago

#1

Jeff Kleist Writer, Marketing, Licensing

358 215 0.6
Well, ?Koch is acquiring more THQ assets, but it's also got really good buzz coming out of E3. Heck I'm interested, and I thought the first one was awful. The fact that I could actually pick up where in Philly the demo took place made me even more excited (right around where the first Dace and Busters outside Yexas is)

I've spent the day explaining to people that this isn't the Koch brothers, even though given the subject matter it wis not an unreasonable assumption ;)

Posted:2 months ago

#2
Lets see what can be achieved with new steward ship eh. Cmon, Dambusters is in the right direction in name and spirit. Give em a fighting chance and root for the home crowd!

Posted:2 months ago

#3

Adam Campbell Associate Producer, Miniclip Ltd

1,182 972 0.8
So Crytek UK are closing down?

Edited 1 times. Last edit by Adam Campbell on 31st July 2014 2:27pm

Posted:2 months ago

#4

James Berg Games User Researcher, EA Canada

172 218 1.3
The more interesting IP alive in the market, the better, imo. Good luck to 'em!

Posted:2 months ago

#5

Fredrik Liljegren VP - Graphics and Portability Group, TransGaming Inc.

2 3 1.5
In short this was a way for Crytek to close two studios, without the media using that as the headline.

Posted:2 months ago

#6

Andrew Goodchild Studying development, Train2Game

1,254 421 0.3
I don't suppose Koch also got the Timesplitters IP in the deal?

Posted:2 months ago

#7

Richard Browne EVP Gaming and Interactive, Evergreen Studios

103 117 1.1
2.5m units is bombing? Sure Homefront didn't do the numbers it could have had the single player portion of it been more polished (and the server issues it hit on launch been alleviated) but it didn't "bomb". The sequel was looking great last I heard.

Posted:2 months ago

#8

Andrew Ihegbu Studying Bsc Commercial Music, University of Westminster

461 172 0.4
@Adam Campbell

No, in accordance with UK IP Law, they have gone with the IP to Koch, the new studio is called Dambusters, but it's basically the same studio minus a few staff that stayed at Crytek and will be going to Germany.

Posted:2 months ago

#9

Adam Campbell Associate Producer, Miniclip Ltd

1,182 972 0.8
First I'm hearing of the new studio but its good to see the remaining staff do have a new home.

Posted:2 months ago

#10

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