Four subsidiaries of the Nacon group – the development studios Spiders, Kylotonn, and Cyanide, along with the motion capture company Nacon Tech – have filed for bankruptcy with the Lille Métropole Commercial Court on March 23, 2026. These filings are part of the judicial reorganization proceedings initiated for the parent company on March 2, 2026.
On March 23, 2026, the four subsidiaries of Nacon filed for bankruptcy with the Lille Métropole Commercial Court and requested the initiation of judicial reorganization proceedings in their favor. The entities involved are the video game development studios Spiders, Kylotonn, and Cyanide, as well as the motion capture company Nacon Tech. These requests follow the proceedings opened in favor of the parent company on March 2, 2026.
Ongoing Restructuring Efforts
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Nacon is continuing its restructuring efforts with the assistance of its advisors and the appointed judicial administrators: SELARL FHBX, represented by Master Hélène Bourbouloux, and SELARL BMA, represented by Master Laurent Miquel. The goal of the judicial reorganization process is to enable the company to identify solutions to sustain its activities, renegotiate its debt with creditors, and protect its employees in a stabilized environment.
Freezing of Liabilities
The judicial reorganization process freezes existing liabilities at the opening during the observation period, which can last up to 18 months. This procedure allows the debtor to present a continuation plan for its activities by restructuring its debt and ensuring its recovery. Nacon will keep the market informed as the situation evolves and the proceedings progress.
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Context
Period
Period: T1 2027
Key reported figures
Revenue: 32,6 millions d'euros
Quarterly revenue: 32,6 millions d'euros
Revenue growth: 4,2 %
Guidance from the release
Fort d'un volume de sorties soutenu et contexte de marché américain mieux orienté, le Back Catalogue devrait progresser
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