On February 25, French video game publisher Nacon filed for insolvency after its majority shareholder, Bigben Interactive, was unable to make partial bond loan payments. Nacon stated that its insolvency filing was made before a commercial court and requested the court to initiate judicial reorganization proceedings as soon as possible.
Nacon was formed in February 1981 and started publishing video games in 2002. Nacon is also the parent company of several video game developers, including Styx series developer Cyanide and GreedFall developer Spiders. Some of the games in Nacon's publishing repertoire include the 2025 adventure title Hell Is Us, and two games from the RoboCop franchise set after the events of the 1990 film RoboCop 2. Nacon and Polish developer Teyon worked together on the 2023 first-person shooter RoboCop: Rogue City, and its 2025 standalone expansion, RoboCop: Rogue City - Unfinished Business.
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Nacon Files for Insolvency Amid Creditor Woes
Nearly a year after releasing RoboCop: Rogue City - Unfinished Business, Nacon stated it is in dire financial straits. According to Nacon, the insolvency filing came just five days after Bigben Interactive stated that it could not make partial repayments of its bond loan "following an unexpected and late refusal by its banking pool." Nacon stated that the situation with its majority shareholder required it to implement a financial restructuring plan with its creditors so that the company could continue operations in the meantime. However, Nacon stated in its announcement that its current available assets "do not allow it to meet its due liabilities." Ergo, the insolvency filing was made as part of an effort to see if the court would allow judicial reorganization proceedings to take place. In the meantime, Nacon has since suspended trading shares on the Euronext Paris market, pending the court's decision.
Should the court grant Nacon's request for judicial reorganization proceedings, this would freeze any existing liabilities during a court-mandated observation period, which can last up to 18 months. This would then allow debtors to present a debt restructuring plan and ensure that an insolvent company recovers. Additionally, the procedure would allow Nacon to protect its employees and keep jobs during the renegotiation process with its creditors. All employee representative organizations were informed of Nacon's insolvency plan on February 24, one day before its public announcement. The Court is expected to rule on Nacon's request in early March, likely days before Nacon's upcoming title GreedFall 2: The Dying World hits store shelves across the globe.
Nacon Marches on Despite Financial Troubles
Nacon's insolvency and pending reorganization filing came at a tumultuous time for the global video game industry. Following the COVID-19 pandemic, various game companies have conducted several rounds of layoffs, resulting in many game developers finding themselves out of work. In July 2025, Microsoft laid off over 9,000 former staff members across the board, with some subsidiaries of Xbox Game Studios bearing the brunt of the tech giant's job cuts. Following a major leadership shakeup at Xbox, which saw Asha Sharma become the new CEO of Microsoft Gaming following Phil Spencer's retirement, Microsoft Gaming CCO Matt Booty stated that there are no current layoff plans at Xbox despite the leadership change.
It is worth noting that insolvency and bankruptcy are not the same thing. However, if the court denies Nacon's request, bankruptcy is a possible outcome that Nacon's insolvency could face. Although some companies have been saved from bankruptcy due to timely partnerships, such as Sony saving AMD following the PS4's success, Nacon still faces an uncertain future. As of this writing, Nacon is scheduled to host a Nacon Connect broadcast on Wednesday, March 4, at 2:00 PM Eastern. Given how many studios are currently owned by the French publisher, it remains to be seen how the insolvency proceedings will turn out, and if Nacon can turn things around.
The story starts three years before the events of the first chapter and the adventures of De Sardet.
This time you play as a native of Teer Fradee, snatched from your island and taken to the continent of Gacane, the homeland of the colonists. In this old world ravaged by war and scarred by the Malichor plague and the political scheming of the different factions, you need to regain your freedom and take back control of your own destiny. Using diplomacy, cunning or combat, as well as help from allies you find along the way, it's up to you to end one man's ambitions of conquest, which could spell the end for both the continent and your island.
Dive back into the unique world of GreedFall, this time exploring the old continent! Travel across new landscapes, from Olima – the city of stars of the Bridge Alliance – to the shores of Uxantis, and uncover the secrets of these ancient lands. Meet all the factions that share control over these nations and navigate the treacherous waters of their schemes and conspiracies.
Create your own character and find allies to join your team. Help them with their quests, uncover their secrets and make them your friends, rivals or even lovers. As well as equipping them the way you want, you can also take control of them in combat.
Immerse yourself in an ever deeper RPG experience where every choice you makes has an impact on your adventure, and where diplomacy, manipulation, infiltration and combat are all viable ways to achieve your ends.
- Early Access Release
- September 24, 2024
- PC Release Date
- March 12, 2026
- Xbox Series X|S Release Date
- March 12, 2026
- PS5 Release Date
- March 12, 2026
- Genre(s)
- Action RPG
- Platform(s)
- PlayStation 5, Xbox Series X, Xbox Series S, PC
- Wiki
