THThe Sixth Axis
Four Nacon-owned studios file for insolvency – Spiders, Cyanide, Kylotonn and Nacon Tech
Four 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.