Amazon has been making a significant push in its games department over the past year, releasing original titles and acquiring a number of talents, including Killer Instinct developer Double Helix Games and Portal creator Kim Swift. This week, though, it made huge strides through a new partnership, one that will provide the kind of technology that will push its internal game development even further.

Gamespot has reported that the popular site has teamed up with Crytek in a deal worth approximately $50-$70 million. The deal would benefit both parties, as Amazon would be able to utilize the company’s CryEngine 3 game development tools for future game releases, while Crytek would receive a financial benefit, following a number of financial challenges that off-set the company last year, including layoffs and low morale amongst remaining employees.

Crytek co-founder Faruk Yerli hinted at the deal last month while speaking to Develop, stating, “It was a huge one, probably the biggest one. I can’t say anything more in detail, but hopefully we’ll be able to announce it with the partner soon.”

CryEngine 3 is a vital tool for game development these days, as it’s been utilized in a number of high-end releases, including 2K’s Evolve, Chris Roberts’ forthcoming Star Citizen and more. The toolset is capable of many great things in the right development hands, and Amazon certainly has a number of those on board, between acquisitions and its own Amazon Game Studios, among other talents.

With this deal in place, Amazon could now produce high-end console-oriented releases for its devices, including the popular Amazon Fire TV and its numerous tablets.

Neither company would quote exact details on the deal, but we’re sure to learn more about what Amazon intends to do with the technology over the next few months, perhaps even as soon as the Electronic Entertainment Expo in June. Considering it’s one of the world’s most highly regarded game meccas, Amazon is sure to be in attendance with plenty of games – and maybe even a hint of its plans with CryEngine.