Four Nacon subsidiary studios have filed for insolvency earlier this week, as the French publisher tries to dig its way out of financial crisis.
As of Monday 23rd March, game developers Spiders (GreedFall, Steelrising), Cyanide (Styx, Blood Bowl, Tour de France), Kylotonn (Test Drive Unlimited Solar Crown, WRC) and motion capture company Nacon Tech have all filed for insolvency separately from their parent company. This allows them to individually partake in judicial reorganisation proceedings and find a way back towards sustainability.
As for Nacon themselves, they have “begun work on the outline of a restructuring plan for the group comprising the Company and its subsidiaries.” The full process of filing for insolvency in…