Styx
News, coverage and analysis tracking Styx across the outlets.
Four Nacon subsidiaries file for insolvencyFour Nacon subsidiaries, including developers Spiders, Kylotonn, Cyanide, and Nacon Tech, have filed for insolvency and commenced reorganisation proceedings in France. This follows Nacon's own court-supervised reorganisation after its majority shareholder, Bigben Interactive, failed to repay a loan.- Four Nacon-owned studios file for insolvency – Spiders, Cyanide, Kylotonn and Nacon TechFour Nacon subsidiary studios, including Spiders, Cyanide, and Kylotonn, have filed for insolvency as the parent company attempts to navigate a financial crisis. This move allows the studios to operate while restructuring debt and seeking financial sustainability. The crisis began when Nacon's majority stakeholder, Bigben Interactive, defaulted on a bond repayment.
French studios Spiders, Kylotonn, and Cyanide have filed for insolvencyFrench game development studios Spiders, Kylotonn, and Cyanide, all subsidiaries of Nacon, have filed for insolvency and requested judicial reorganization proceedings. Nacon itself previously filed for insolvency in February to restructure its debts. These proceedings allow companies to freeze liabilities and propose continuation plans to ensure business sustainability.
Embattled Publisher Nacon's Three Biggest Dev Teams Are Now in Trouble TooFrench publisher Nacon has filed for insolvency, and its three largest development studios, Cyanide, Spiders, and Kylotonn, along with Cyanide subsidiary Big Bad Wolf, have also filed for insolvency and been placed in receivership. This situation affects approximately 320 employees across the studios.