A month ago we learned that hardware and game developer Nacon had to file for insolvency due to its parent company BigBen, facing financial trouble. Well, it seems things are going from bad to even worse as three of Nacon’s biggest teams have also filed for insolvency.
The relevant information can be found in Nacon’s latest press release on its corporate site, but I’ll give you the important bits. Keep in mind, I’m not a legal expert.
Cyanide (the Styx games), Spiders (Greedfall), Kylotonn (Test Drive Solar Crown) and Nacon Tech (motion capture) have all filed for insolvency. This also affects Cyanide subsidiary Big Bad Wolf.
The Lille Commercial Court opened “judicial reorganisation” proceedings for Nacon on March 2, 2026—this freezes old debts for up to 18 months while they craft a recovery plan.
Assuming the insolvency requests go through, the studios and motion tech company will be put into a similar situation, which basically means they will be placed under administrators, likely the same ones handling Nacon. They will oversee operations, mediate creditor talks, and develop continuity plans—asset sales are a last resort only if there is no viable recovery after the observation period.
Across the teams, it’s believed that around 320 employees are at risk. However, the studios will continue to operate throughout the process.
There’s reason to be optimistic: French redressement judiciaire success rate is about 70-80% when it comes to avoiding liquidation in these scenarios, so hopefully Nacon and its teams can survive this.
