Overview
- Nacon said four subsidiaries—Spiders, Kylotonn, Cyanide, and motion-capture arm Nacon Tech—have filed for insolvency and asked the Lille Métropole Commercial Court to open judicial reorganisation proceedings.
- The new filings extend a process that began in February when the publisher itself entered court-supervised reorganisation after failing to partially repay a bond tied to majority owner Bigben Interactive.
- Under French judicial reorganisation, a company’s debts are frozen during an observation period that can last up to 18 months so leaders can negotiate with creditors and submit a plan to keep the business running.
- Separate reporting from Origami relayed by Wccftech says Cyanide, Spiders, and Kylotonn paused pay for staff and were placed under receivership, with an estimated 320 developers affected, though these operational details have not been confirmed by company filings.
- Nacon has pushed its Nacon Connect showcase to May to focus on current releases, leaving the timing of upcoming projects uncertain despite recent launches like Greedfall II and Styx from its studios.