"Nacon subsidiary studios Spiders, Kylotonn, and Cyanide have all filed for insolvency this week because they're unable to pay their bills. This comes just weeks after Nacon itself embarked on a similar debt-restricting journey in French court."
"Years of mismanagement and strategic nothingness, both at the group and company levels, have blocked studios from modernizing, organizing and developing themselves. Today, even after completely emptying its studios coffers - dozens of million euros which should have ensured studio stability and safe jobs! - Nacon comes out with a deficit."
"Makeshit solutions like canceling all recruitments and raises for more than a year, or snake oil solutions like 'AI,' which Nacon is gradually forcing on its studios without even knowing what for, will not save money and clean up the company accounts."
Nacon's AA studios, including Spiders, Kylotonn, and Cyanide, are struggling financially, leading to insolvency filings. The French union blames Nacon's management for prioritizing short-term profits over sustainable strategies. Recent game releases, such as GreedFall: The Dying World, received poor reviews, exacerbating financial issues. The union criticizes years of mismanagement that hindered studio development and modernization. Nacon's attempts to cut costs through recruitment freezes and unproven solutions like AI are deemed ineffective, resulting in deteriorating working conditions and a significant deficit.
Read at Kotaku
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