Nacon announces that 4 of its subsidiaries have filed for insolvency

Nacon is perhaps the biggest video game publisher in France outside of Ubisoft, with the company responsible for many well-liked titles including Hell is Us; Greedfall; RoboCop: Rogue City and many more. In a surprise announcement, the publisher/holding company has now confirmed that four of its subsidiaries have filed for insolvency – including the studio behind the aforementioned Greedfall.

Publishing a press release to make the announcement, Nacon officially confirmed that “four of its subsidiaries, namely the video game development studios Spiders, Kylotonn, Cyanide, and the motion capture company Nacon Tech, have today filed for insolvency with the Lille Métropole Commercial Court and requested the opening of judicial reorganisation proceedings in their favour.”

As explained by the press release itself, judicial reorganisation proceedings are “collective proceedings under French law pursuant to which liabilities arising prior to the opening judgment are frozen for the duration of the observation period, which may last up to 18 months. During this period, the debtor may propose a continuation plan providing for the restructuring of its debt with a view to ensuring the recovery of its business.”

This follows on from last month’s report which revealed that Nacon as a whole was filing for insolvency, suggesting that things haven’t been going too well so far.

As mentioned, while far from the most prestigious publisher, Nacon has had a solid track record in recent years, with some of its more modern successes including Hell Is Us; the ‘Hunting Simulator’ series; STYX; Test Drive Unlimited; RoboCop: Rogue City and Greedfall. Hopefully the publisher is able to find a solution which keeps as much of the talent across these studios as possible in employment.

KitGuru says: What do you think of Nacon as a publisher? Do you enjoy their AA approach to game development? What’s your favourite IP under Nacon? Let us know down below.

Become a Patron!