Nacon schedules May 7 showcase a day after Spiders studio shutdown amid insolvency crisis

Publisher Nacon announced its gaming showcase for May 7, less than 24 hours after RPG developer Spiders—previously filed for insolvency—shut down. Union STJV blamed Nacon's mismanagement for the closure and urged players to boycott the company, as it faces ongoing insolvency proceedings and legal challenges.

Nacon revealed plans for its long-delayed gaming showcase on May 7, coming shortly after Spiders, known for GreedFall and its poorly reviewed sequel GreedFall: The Dying World, confirmed its closure. This follows insolvency filings by Spiders and other Nacon studios like Kylotonn and Cyanide in March, triggered by unpaid bills amid Nacon's own debt restructuring. STJV, the French video game workers' union, accused Nacon of 'mismanagement and malice that appeared premeditated,' stating: “We refuse to see the group responsible for Spiders’ abrupt end pillaging the still-warm body of our jobs. Although we hope that our games will still be enjoyed, we would like players to avoid giving their money to Nacon, as it would reward the group for its actions.” The union vowed to fight for accountability despite industry silence. The controversy underscores tensions in France's gaming sector, with Spiders' closure marking a blow to the country's second-largest video game employer, as Nacon presses ahead with its showcase.

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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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Paris-based developer Spiders, known for the GreedFall series, Steelrising, and The Technomancer, faces liquidation less than two months after GreedFall: The Dying World exited early access. Parent company Nacon, which filed for insolvency in late February 2026, failed to find a buyer for the 18-year-old studio despite sale efforts. French outlet Origami reports that liquidation proceedings are now a formality, with staff halting work to update CVs and seek new jobs.

Christofer Sundberg, co-founder of Avalanche Studios, stated that the studio's canceled 2009 game AionGuard featured elements similar to those in Crimson Desert. In a recent PC Gamer interview, Sundberg expressed lasting resentment toward the publisher that ended the project via text message. The open-world fantasy title never progressed beyond low-resolution screenshots after its early announcement.

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Unknown Worlds Entertainment announced Subnautica 2's early access launch for May on PC and Xbox following a Delaware judge's ruling to rehire former CEO Ted Gill. The decision comes amid legal disputes with publisher Krafton over firings and a potential $250 million payout, though Krafton disputes the outcome and plans further litigation.

Ubisoft has reached a confidential settlement with 61 former employees from its Halifax studio, who unionized before the studio closed. The union members voted overwhelmingly in favor of the deal, as announced by CWA Canada. Developers praised the company for respecting the union during negotiations.

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Chicago-based game studio Iron Galaxy has laid off dozens of employees as it adapts to changes in the gaming industry. The announcement follows the release of the Tony Hawk’s Pro Skater 3 + 4 remaster collection. A source indicated the cuts could affect up to 90 staff members.

 

 

 

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