Insolvency
Ongoing coverage on Insolvency.
Latest coverage
Edge of Memories developer Midgar Studio is being liquidated
A French court has ordered the liquidation of Edge of Memories developer Midgar Studio, following an insolvency filing by its owner, Nacon. Despite efforts to find a buyer, no deal could be completed in time. Nacon and other subsidiaries like Spiders, Kylotonn, and Cyanide also filed for insolvency earlier this year due to financial issues with their parent company, Bigben Group.
Rumble Arcade shuts down as developer Tribo Games enters insolvency
Tribo Games is shutting down its competitive arcade game Rumble Arcade and entering insolvency after nearly four years due to a significant gap between operating costs and revenue. All development has ceased immediately, and servers will be shut down around the end of July. The studio cited a lack of sustainable revenue and an inability to secure continued investment as the primary reasons for the closure.
STJV union strikes at Kylotonn as Nacon moves WRC license and layoffs loom
The French video game union STJV has initiated strikes at Nacon subsidiary Kylotonn, anticipating significant layoffs and a judicial reorganization. Nacon is reportedly moving the WRC license to a new studio, Grit Games, composed of former Kylotonn employees, which the union alleges is an attempt to shed unionized workers. This follows the closure of another Nacon studio, Spiders, amidst the publisher's financial difficulties.
The Nacon Connect stream has been rescheduled for 7th May
Nacon has rescheduled its Connect stream to May 7th, where it will preview upcoming games including The Mound: Omen of Cthulhu, Edge of Memories, Endurance Motorsport Series, and Hunter: The Reckoning – Deathwish. This announcement comes as Nacon's subsidiary studio Spiders is shutting down, amidst the publisher's ongoing financial difficulties and search for new funding.
Greedfall developer Spiders is being shut down
French game studio Spiders, known for Greedfall, is shutting down due to financial difficulties faced by its parent company, Nacon. The studio confirmed its liquidation after failing to secure further funding following a cancelled project and the middling reception of its latest game. Spiders will cease operations immediately, with Nacon handling the release of planned DLC.
'The company as a whole no longer exists:' GreedFall developer Spiders confirms closure
French game developer Spiders, known for titles like GreedFall and Steelrising, has been confirmed for liquidation after its parent company Nacon filed for insolvency. The studio, which employed over 90 people and developed its own Silk Engine, will cease operations immediately. Planned DLC will be released by Nacon.
Nacon Connect 2026 Showcase Announced for May 17th
Nacon has announced its Nacon Connect 2026 showcase will take place on May 17th, featuring games like The Mound: Omen of Cthulhu and Hunter: The Reckoning – Deathwish. This event proceeds despite Nacon's recent filing for insolvency and ongoing financial restructuring, which has led to concerns from the French game industry union about mismanagement and its impact on studios like Cyanide Studios, Spiders, and Kylotonn.
Greedfall developer Spiders is closing down
French development studio Spiders, known for games like Greedfall and Steelrising, is closing down after 18 years. The closure follows the insolvency filing of its parent company, Nacon, which was unable to find a buyer for the studio. The Union of Video Game Workers stated that 71 employees are affected and accused Nacon's management of a deliberate choice.
6 weeks after releasing Greedfall: The Dying World, famed Eurojank studio Spiders is closing
French RPG studio Spiders is closing six weeks after the release of its latest game, Greedfall: The Dying World. The closure is a result of financial troubles affecting its parent company, Nacon, which filed for insolvency. Despite efforts to sell the studio, no buyer was found, leading to liquidation.
GreedFall: The Dying World studio Spiders is reportedly closing its doors after parent company Nacon failed to find a buyer
Developer Spiders, known for the GreedFall series, is reportedly being shut down after its parent company Nacon filed for insolvency and failed to find a buyer. The studio, also responsible for Steelrising and The Technomancer, ceased regular activity recently. GreedFall: The Dying World recently left early access.
Greedfall and Steelrising developer Spiders look set to close their doors, according to a recent report
Developer Spiders, known for games like Greedfall and Steelrising, is reportedly facing closure due to insolvency proceedings initiated by publisher Nacon. This follows layoffs last year, and despite the recent launch of Greedfall: The Dying World, the studio has not secured a buyer. A French video game union has blamed Nacon's mismanagement for the studio's predicament.
Something for the Weekend – 28/03/26
This week's gaming news includes Sony increasing prices for PlayStation 5 consoles and the PlayStation Portal, Epic Games confirming over 1,000 layoffs, and four Nacon-owned studios filing for insolvency. New game announcements include STALKER 2: Cost of Hope expansion, The Expanse: Osiris Reborn, and Wyldheart.
French studios Spiders, Kylotonn, and Cyanide file for insolvency
French game development studios Spiders, Kylotonn, and Cyanide have filed for insolvency. All three studios are owned by publisher Nacon, which itself filed for insolvency earlier this year after failing to meet a loan repayment.
Screen Australia hands out $1.4 million to local developers
French game development studios Spiders, Kylotonn, and Cyanide have filed for insolvency. All three studios are owned by publisher Nacon, which itself filed for insolvency earlier this year after failing to meet a loan repayment.
French studios Spiders, Kylotonn, and Cyanide file for insolvency
French game development studios Spiders, Kylotonn, and Cyanide have filed for insolvency. The news comes as a significant blow to the French game development industry, with the future of these studios now uncertain.
Dispatch studio says don't confuse plot for narrative
French game development studios Spiders, Kylotonn, and Cyanide have filed for insolvency. All three studios are owned by publisher Nacon, which itself filed for insolvency earlier this year after failing to meet a loan repayment.
Behaviour Interactive acquires 7 Days to Die dev The Fun Pimps
Behaviour Interactive has acquired The Fun Pimps, the development studio behind the survival game 7 Days to Die. This news follows reports that Spiders, Kylotonn, and Cyanide, all owned by publisher Nacon, have filed for insolvency.
Four Nacon subsidiaries file for insolvency
Four 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 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.
GreedFall and Blood Bowl Developers File for Insolvency Alongside Nacon
Nacon's development studios Cyanide and Spiders have filed for insolvency, following the publisher's own financial difficulties. Other Nacon subsidiaries, including Nacon Tech and Kylotonn, have also filed for insolvency. Insolvency means a company is unable to pay its debts, but does not necessarily mean immediate closure.
