"Cyanide, Spiders, Kylotonn, and Nacon Tech have all filed for insolvency, which also impacts Cyanide subsidiary Big Bad Wolf. The Lille Commercial Court opened judicial reorganisation proceedings for Nacon on March 2, 2026, freezing 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 placed under administrators, likely the same ones handling Nacon. They will oversee operations, mediate creditor talks, and develop continuity plans."
"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."
Nacon, along with its subsidiaries Cyanide, Spiders, Kylotonn, and Nacon Tech, has filed for insolvency due to financial difficulties. The Lille Commercial Court initiated judicial reorganization proceedings, freezing old debts for up to 18 months while a recovery plan is developed. If insolvency requests are approved, these studios will be placed under administration, with operations continuing during the process. Approximately 320 employees are at risk, but there is a 70-80% success rate for avoiding liquidation in similar cases in France.
Read at WGB
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