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Three NACON Owned Studios File for Insolvency

Four subsidiaries, three of them being game studios owned by French Publisher NACON have now also filed for insolvency, requesting that 'judicial

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Four subsidiaries, three of them being game studios owned by French Publisher NACON have now also filed for insolvency, requesting that 'judicial reorganisation proceedings' are opened.

Back in February, NACON filed for insolvency, sharing that their majority shareholder, Bigben Interactive, were facing serious financial difficulties. NACON have now provided an update, advising that four subsidaries – three studios, and one motion capture company are now also filing for insolvency.

The three studios affected are as follows:

• Spiders, who have only just released Greedfall II: The Dying World this month.
• Kylotonn, best known for their work on the Flatout Franchise.
• Cyanide, best known for Styx, which again – only just recently released with Styx: Blades of Greed.

The full statement from NACON, found here, is below.

On 2 March 2026, at the Company's request, the Lille Métropole Commercial Court ordered the opening of judicial reorganisation proceedings. The aim of these proceedings is to enable the Company to identify, under the best possible conditions, solutions to ensure the sustainability of its business, renegotiate its debt with its creditors and protect its employees within a stable environment.

With the assistance of its advisors and the judicial administrators (SELARL FHBX, represented by Maître Hélène BOURBOULOUX, and SELARL BMA, represented by Maître Laurent MIQUEL), the Company has begun work on the outline of a restructuring plan for the group comprising the Company and its subsidiaries.

In this context, the Company announces that four of its subsidiaries, namely the video game development studios Spiders, Kylotonn, Cyanide, and the motion capture company Nacon Tech, have today filed for insolvency with the Lille Métropole Commercial Court and requested the opening of judicial reorganisation proceedings in their favour.

Further press releases will be issued as the Company's situation and the proceedings evolve.

 

[adamsapple]

Well, this news fucking sucks. Nacon runs multiple devs that make some really good AA games.

 

[Gonzito]

Terrible, what a shame

 

[Magic-DEI-Hire]

Had a feeling this would happen, yikes.

 

[vaibhavpisal]

MS is needed with its infinite war chest to save the day.

 

[LordCBH]

Fuck not Spiders…..I've genuinely enjoyed the things they've put out man……

 

[Hypereides]

Sounds like Signalis was on point with something brewing at Spiders.

 

[MiguelItUp]

Sucks, they were attached to some really cool AA titles.

 

[Fbh]

Sucks .
Spiders in particular always felt like a studio that just needed a bit more budget and polish to put themselves en route to become a sort of new Bioware that doesn't suck.

 

[ShaiKhulud1989]

This is all part of the big insolvency case filed by Nacon earlier this March. It's not pretty, but this does not indicate closures. Yet.

 

[The_hunter]

Dang, rip Styx. No one bought the last game I guess.

The price was too expensive for the game.

 

[Black_Stride]

KT racing WRC games were actually pretty good.

Shame for them, shame for WRC fans cuz after EA lost the WRC license it went to NACON and was probably being done by KT.

So we most likely arent getting a WRC game this year.

 

[crackajack]

Kylotonn, best known for their work on the Flatout Franchise.

Flatout was mostly Bugbear, who moved on to Wreckfest. So the Finns delivered always at least solid quality imho. Flatout went downhill once it was handed over to other teams, where only the nail in the coffin one was done by Kyloton.
Kyloton was known for the at best somewhat okay WRC games and other racing games. I think I liked their Isle of Man game best, the rally stuff was always a bit weird to control and way too grindy in some trophies. Truck Racer was also kinda fun because Truck Racing rarely gets used in any game. They upgraded to AA over the years, but never really achieved proper polished AAA, while also copying the dreck that they felt made AAA sports games good.

 

[dottme]

I feel they were doing good AA. But it looks like doing AA game is really tough. We are really going toward indie and AAA only.

 

[Crew511A]

Too bad. Terminator Resistance is one of the best licensed games I've ever played. It's an absolute must play if you liked the movies.

 

[Magic Carpet]

2 Styx games were given away on Epic Game store back in January, Looks like Styx Blades of Greed was recent game.

 

[Agent_4Seven]

Terrible news for those affected. Hopefully they'll find new jobs soon.

Hey, Nacon, don't you dare touch Teyon next or there will be... trouble!

 

[mayham2199]

Damn I really like Spiders also. They've made some good AA games. Always felt like they were trying to do something different.

 

[Ben87fr]

I really hope Teyon does not get fucked up, Terminator Resistance and Robocop Rogue City were amazing !

 

[Labadal]

RIP Styx series.

Spiders might not have been top tier, but it's still sad to see them go.

 

[The Cockatrice]

Dang, rip Styx. No one bought the last game I guess.

The price was too expensive for the game.

It was also a shit game. What a wasted potential. All they had to do was improve the meh aspects of the previous ones, focus on level design and boom, but nope, they shit the bed.

 

[Thick Thighs Save Lives]

Btw, while the situation is dire, there's still a glimmer of hope that at least some of the impacted studios (fingers crossed for Spiders since I enjoy their games) might pull through, depending on how the proposed restructuring plays out.

With the assistance of its advisors and the judicial administrators (SELARL FHBX, represented by Maître Hélène BOURBOULOUX, and SELARL BMA, represented by Maître Laurent MIQUEL), the Company has begun work on the outline of a restructuring plan for the group comprising the Company and its subsidiaries.

 

[Luipadre]

Nothing but bad news in the gaming space nowadays.

 

[R6Rider]

Damn. I like Spiders.

I quite enjoyed Steelrising recently too.

 

[Baemono]

Well, this news fucking sucks.

It's not news tho

Thread 'Nacon files for insolvency'

Feb 25, 2026

In a video game sector marked by long investment cycles and significant transformations, on 20
February 2026, Nacon announced that the situation of its majority shareholder, Bigben Interactive,
which, following an unexpected and late refusal by its banking pool, was unable to make the partial
repayment of its bond loan to its bondholders, was significantly affecting its own operations.

The Company indicated on this occasion that its liquidity situation required the rapid implementation
of a financial restructuring with its creditors in order to ensure the continuity of its operations...

• spons
• Replies: 55
• Forum: Gaming Discussion

• 
• 

And you said the same thing there

Well that fucking sucks.

 

[adamsapple]

It's not news tho

Thread 'Nacon files for insolvency'

Feb 25, 2026

In a video game sector marked by long investment cycles and significant transformations, on 20
February 2026, Nacon announced that the situation of its majority shareholder, Bigben Interactive,
which, following an unexpected and late refusal by its banking pool, was unable to make the partial
repayment of its bond loan to its bondholders, was significantly affecting its own operations.

The Company indicated on this occasion that its liquidity situation required the rapid implementation
of a financial restructuring with its creditors in order to ensure the continuity of its operations...

• spons
• Replies: 55
• Forum: Gaming Discussion

• 
• 

And you said the same thing there

Because it fucking sucks

 

[PeteBull]

Really wanted greedfall2 to be good, unfortunately from what we saw game is pretty mediocre(bad) with terrible combat system so its not even bargain bin purchase but total skip, and holy fuck which liberal cuck dev thought its good idea to make female npcs with face tatoo- we dont wanna date ms-13 gang members, facetatoos make women way less attractive

GreedFall: The Dying World Reviews - Metacritic

Dive back into the unique world of GreedFall again in an even deeper RPG experience. This time you play as a native of Teer Fradee, uprooted by force from your island and taken to the continent of Gacane, where the colonists are from. In this old world ravaged by war and scarred by the...

www.metacritic.com

67meta, 5.6/10 userscore, cant really save that game/devstudio that made it, even if i wanted to