16 Studios at Risk: Major AA Publisher Nacon Faces Bankruptcy
You know that heavy, satisfying thud when you land a perfect headshot with the Auto-9 in RoboCop: Rogue City? Or the dense political tension that keeps you glued to the screen in GreedFall?
That same intense, slow-burn pressure is hitting the real world right now. Nacon, the publisher behind these sleeper AA hits, is officially filing for insolvency. It’s a massive blow to the AA gaming space. We aren’t just talking about a couple of delayed patches or a pushed release date here.
The Real-World Game Over Screen
The trouble didn’t actually start with Nacon itself. The publisher got dragged down by its parent company, Bigben Interactive.
Bigben recently failed to make a massive €43 million loan repayment to its banking pool. Because Bigben holds 56.72% of Nacon’s shares, the financial dominoes fell hard and fast. Trading on Nacon’s shares is completely suspended right now. They’ve asked a French court for permission to restructure their debt just to keep the lights on.
Nacon announces that it has today filed for insolvency and is requesting the initiation of judicial reorganisation proceedings https://t.co/YS0zmY3OjR pic.twitter.com/pwZ0uYCcER
— Wario64 (@Wario64) February 25, 2026
By the Numbers: Who is Affected?
Let’s look at the raw data because the fallout here is huge. Nacon reported €167.9 million in revenue for 2024/2025, but that doesn’t shield them from Bigben’s debt.
There are 16 development studios currently sitting under the Nacon umbrella. We’re talking about heavy hitters like Cyanide, Spiders, Kylotonn, and Daedalic Entertainment. Over 1,000 employees are now waiting to see what happens next. If the court approves the restructuring, existing liabilities freeze for up to 18 months to give them breathing room.
The Nacon Connect Paradox
The timing couldn’t be weirder. Nacon is still scheduled to host its annual showcase, Nacon Connect, on March 4, 2026.
Are they still going to show off Cthulhu: The Cosmic Abyss and Endurance Motorsport Series while lawyers fight in court? GreedFall 2: The Dying World is also supposed to drop its full 1.0 version on March 12. Fans are understandably anxious about whether these dates will actually hold up.
Also learn more about Nacon Connect 2026 and the games initially confirmed in the showcase!
Will the AA Scene Lose Its Edge?
AA games are the lifeblood of the industry. They take risks the massive AAA studios avoid, delivering weird, chunky, and deeply satisfying mechanics. Seeing a publisher with 16 studios and a massive global footprint hit the brakes like this is a tough pill to swallow.
Hopefully, this judicial reorganization saves the teams at Spiders, Cyanide, and the rest of the studios so they can keep making the games we actually want to play.
A video game enthusiast ever since I first got my hands on a Game Boy. Over the years, I've played many different games across various genres, discovering hidden gems and niche titles along the way. I'm also passionate about technology, always up-to-date with the latest news and insight in the PC and Console market. Ready to share and bring you the latest news !
Download the Allkeyshop Browser Extension Free
For all the latest video game news, trailers, and best deals, make sure to bookmark us.
You can find all the best and cheapest online deals on CD keys, game codes, gift cards, and antivirus software from the verified CD key sellers on our store pages.
To not miss any news on Allkeyshop, subscribe on
Google News
.
MORE RELEVANT ARTICLES
