Spiders RPG studio to close amid Nacon insolvency crisis after failed sale

French studio Spiders, known for GreedFall and Steelrising, is set to shut down after 18 years following failed sale efforts amid parent company Nacon's insolvency proceedings. After studios including Spiders filed for insolvency last month, court processes are now formalities per Origami, with staff seeking jobs and planning a final 18-year tribute at tonight's gathering.

Founded in 2008 by ex-Monte Cristo developers from Silverfall, Spiders specialized in narrative-driven RPGs, debuting with 2016's The Technomancer, refined by 2019's GreedFall and 2022's Steelrising. Its latest, GreedFall 2: The Dying World, faced Early Access troubles and fan backlash. With no buyer secured despite Nacon's restructuring, closure looms. A Nacon spokesperson ignored sale queries. Insiders note CSE-organized equipment buybacks for staff. The STJV union, which previously slammed Nacon's 'disdain and incompetence' for sabotaging studios post-acquisition, further criticized deteriorating conditions, headcount reductions via new studios, and high-potential project jeopardization.

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Illustration depicting Nacon executive amid insolvency documents and postponed Nacon Connect calendar, with GreedFall game release confirmed on schedule.
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Nacon postpones Nacon Connect showcase amid ongoing insolvency proceedings

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French publisher Nacon has delayed its Nacon Connect event from March 4, 2026, to May, citing financial pressures from its recent insolvency filing. Game releases, including GreedFall: The Dying World on March 12, remain on schedule.

Subsidiary studios of publisher Nacon, including GreedFall: The Dying World developer Spiders, have filed for insolvency this week amid unpaid bills. French video game union Syndicat des Travailleuses du Jeu Vidéo blames Nacon's management for mismanagement and sabotaging viable teams. The crisis follows recent game launches and Nacon's own debt proceedings.

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French video game publisher Nacon has filed for insolvency after failing to meet its debt obligations. The company aims to use the procedure to continue operations and renegotiate with creditors while protecting jobs. This follows the recent release of titles like Styx: Blades of Greed and Hell is Us.

Sony Interactive Entertainment is shutting down Bluepoint Games, the studio behind acclaimed PlayStation remakes, just five years after acquiring it. The closure, announced in an internal memo from co-CEO Hermen Hulst, cites rising development costs and industry challenges. The Texas-based team, known for Demon’s Souls and Shadow of the Colossus, will cease operations next month.

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The Spanish industry association DEV has shared the GameSpain Direct Winter 2026, a digital showcase highlighting 25 upcoming indie games from Spanish developers. Hosted by content creator ClemmyGames on YouTube, the event aired earlier today and includes trailers and developer interviews. The initiative aims to promote Spanish video games internationally.

A Delaware judge has ruled that Krafton breached its contract with Unknown Worlds by firing key employees without cause and seizing control of Subnautica 2. The court ordered the reinstatement of CEO Ted Gill with full authority over the studio and its upcoming early access launch. The $250 million earnout period has been extended to September 15, 2026.

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Obsidian Entertainment's 2025 releases Avowed and The Outer Worlds 2 received positive reviews but fell short of sales expectations, while Grounded 2 proved a major success. Studio head Feargus Urquhart described the RPGs' results as disappointing yet instructional, prompting reflections on development cycles. The company now aims for shorter timelines and has no plans for The Outer Worlds 3.

 

 

 

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