Overview
- The auditor's report, published Tuesday, said Don't Nod had about €8.8 million on hand as of 13 April 2026 and could exhaust its cash during November without new financing.
- Tencent, which owns roughly 42 percent of Don't Nod, declined to subscribe to a capital increase or to co-finance current projects, removing the studio's main potential source of rescue funding.
- Chair Oskar Guilbert has spent several months seeking finance from other major industry partners but those discussions have not produced binding offers, leading the board to meet on 17 June to consider options.
- Don't Nod is already scaling back Project P14 and planning a smaller or earlier release, and the company says further layoffs or restructuring are now a heightened risk.
- This funding shortfall fits a wider trend of Chinese publishers cutting external studio support, which has reduced financing options for independent developers and increased industry instability.