Insolvency
Ongoing coverage on Insolvency.
Latest coverage
"This company has been driven into a wall for years" - Life is Strange studio Don't Nod faces unrest while teetering on insolvency
French studio Don't Nod, known for Life is Strange, is facing deep unrest and has entered safeguard proceedings to avoid insolvency. The company is undergoing significant restructuring, including substantial layoffs, while attempting to complete its in-development game codenamed P14 through increased outsourcing. Employees report a prolonged period of uncertainty and anxiety, with management's decisions criticized for negatively impacting staff health and livelihoods.
Life is Strange makers Don't Nod face layoffs and possible insolvency, French workers union STJV state
French game workers union STJV has reported that Don't Nod, the studio behind Life is Strange, is facing significant layoffs and potential insolvency. The company has entered a "safeguard procedure" to avoid liquidation due to an inability to pay debts, with widespread job cuts affecting nearly all non-managerial roles. The union criticizes the company's management for poor communication, alleged illegal targeting of employees, and a reliance on outsourcing.
Build A Rocket Boy has appointed administrators
Build A Rocket Boy, the developer behind the game MindsEye, has appointed administrators, indicating insolvency. The studio, founded by Rockstar veteran Leslie Benzies, has faced significant financial losses, multiple waves of layoffs, and negative reception for its debut title. Accusations of corporate sabotage and data privacy violations have also surfaced.
Build A Rocket Boy Files For Administration After Confirming Insolvency
Build A Rocket Boy, the studio behind the game MindsEye, has filed for administration due to insolvency, appointing Opus Advisory Group to manage its proceedings. The company reported significant financial losses and debts, leading to recent layoffs and concerns about its survival. The article also details allegations of severe crunch culture and its negative impact on employees.
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.
