Spiders Studio Liquidated Following Nacon Financial Collapse
Key Takeaways: The Quick Answer
- Paris-based developer Spiders is undergoing immediate liquidation following the financial collapse of its parent company, Nacon.
- The studio failed to secure a buyer during the restructuring period, resulting in the sudden closure and job losses for 70 employees.
- The upcoming DLC for GreedFall: The Dying World will still release via Nacon, but Spiders will no longer provide technical support.
Spiders Studio Announces Immediate Closure
Paris-based game developer Spiders, known for action-RPGs like GreedFall and Steelrising, has officially ceased operations. The studio released a public statement confirming its immediate liquidation.
This closure marks the end of an 18-year run for the company. Following the recent financial collapse of its parent publisher, Nacon, the court-appointed administrator failed to secure a buyer to keep the studio afloat.
The French commercial court officially ordered the liquidation on Wednesday, April 29. Developers at Spiders had already begun preparing for the worst, shifting their focus to portfolio updates and internal support as studio operations entered a standstill.
Hello everyone,
— Spiders (@spidersgames) April 29, 2026
First off, we apologise for the silence over the past month – it's been a while.
We're going to cut straight to the chase so you're not left wondering: After a long period without clear answers, we have received confirmation that Spiders is being liquidated.…
Why Did the GreedFall Developer Shut Down?
Spiders shut down because its parent company, Nacon, filed for insolvency and failed to find a buyer for the studio. The Lille Métropole Commercial Court placed Spiders under judicial reorganization earlier this year.
Without external investment, the restructuring effort ultimately resulted in complete liquidation. Nacon signaled its intention to sell off subsidiaries like Spiders and Nacon Tech back in February 2026 to restructure its massive debt.
The publisher set a strict mid-April deadline to find a prospective buyer. The veteran AA studio unfortunately received no viable acquisition offers, leading to the legally inevitable liquidation once the buyer deadline passed.
This outcome defies the historically optimistic statistics of French reorganization proceedings. In this case, the lack of market interest proved fatal for the 70-person team.
What Happens to GreedFall 2 and Future Updates?
The planned DLC for GreedFall: The Dying World will still be released, but the distribution will be handled entirely by Nacon. Following this final content drop, no further updates will be developed.
Spiders confirmed via its social channels that players experiencing technical issues or bugs must now contact Nacon directly. The studio’s internal community management has ended, and its official Discord server will be handed over to the players.
GreedFall: The Dying World exited early access and launched its 1.0 version in March 2026, just six weeks before the liquidation order. The title struggled to meet sales expectations amid the internal chaos and publisher instability.
Prior to the closure, Spiders had also faced the cancellation of a licensed project codenamed Dark in 2025. The remaining staff had been preparing a new, unannounced pitch before the financial freeze permanently halted all creative production.
Also learn more about the Nacon collapse that impacted Spiders Games!
The Devastating Ripple Effect of Nacon’s Collapse
The fall of Spiders is merely the first major casualty in a much wider financial crisis currently consuming the Nacon publishing group.
In late February 2026, Nacon and its parent company Bigben Interactive collapsed under mounting debt. This forced several historically stable studios into receivership, including Cyanide and Kylotonn.
Approximately 320 developers across the French gaming sector were caught in the crossfire. While French labor laws initially protected these teams with a temporary debt freeze, the reality of the market has proven harsh.
For now, other subsidiaries like Cyanide remain operational under court-appointed administrators. However, the liquidation of Spiders serves as a stark reminder of the volatility currently facing mid-budget European development.
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 !
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