Crytek recently closed the doors on its Nottingham, England studio Crytek UK, but it looks like they've held onto the rights of the studio's most notable franchise, TimeSplitters.
Publisher Deep Silver acquired the rights to Homefront from Crytek -- which Crytek had picked up during THQ's bankruptcy proceedings -- and established a new office in Nottingham called Dambusters Studios, and former employees of Crytek UK that had been working on the upcoming Homefront: The Revolution have migrated to continue that game's development. The rights to Timesplitters however, were reportedly not part of that purchase (thanks Polygon
TimeSplitters was created by Free Radical Design, an indie studio founded by Rare veterans and was widely acclaimed during the PlayStation 2 era. However the developer's follow up, the PlayStation 3 exclusive Haze was poorly received and Free Radical would go into administration before being purchased by Crytek and rebranded.
A recent petition
for a Timesplitters franchise revival attracted over 50,000 votes.