Nacon Files for Insolvency Days Before Its Showcase

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Nacon, a leading global game publisher, has filed for insolvency in a French court following an unpaid debt to Bigben Interactive, one of its major shareholders. The company is requesting the court initiate reorganization proceedings, a process intended to allow Nacon to continue operations while renegotiating its debts. A hearing is scheduled for early March to decide on the request. If approved, this process, known as redressement judiciaire, would freeze Nacon’s existing liabilities for up to 18 months. Nacon oversees 16 game development studios, along with a publishing division. Recent releases include Greedfall 2, Hell Is Us, Robocop, and Test Drive Unlimited. The financial difficulties stem from events earlier in the year involving Bigben Interactive. On November 24, 2025, Bigben Interactive secured a €43 million refinancing deal with a group of French banks, intended to be repaid over six years and partly replacing earlier bonds. However, €16.1 million from the original balance was excluded from this refinancing and required separate repayment.

Then, on February 13, 2026, the banking group informed Bigben Interactive that it would not honor a request for funds related to the refinancing, arguing that Bigben Interactive had breached the credit agreement by failing to provide necessary information. Bigben Interactive contested this decision and affirmed its rights. A press release stated that the request, made on Wednesday, February 25th, pertained to an unpaid debt owed by Bigben Interactive. Nacon’s insolvency petition aims to identify the best solution to its financial challenges, protect its employees, and preserve jobs. Nacon maintains that this process will allow it to continue operating normally while renegotiating its debts into a new payment plan, safeguarding the company’s future prospects. It’s important to understand that insolvency proceedings differ from bankruptcy. By filing for insolvency, Nacon acknowledges that its debts exceed its earnings and is seeking court assistance to renegotiate these debts, allowing the company to continue operating. If deemed insolvent, the court may implement a period during which payment obligations are paused, excluding interest, to allow the company to negotiate new payment terms with its creditors. The court will then determine whether the company is recovering or must file for bankruptcy.

Insolvency Threatens Nacon’s Upcoming Event & Game Launches, Intellectual Properties at Risk

This news arrives as Nacon is preparing to host its annual event on March 4, promising numerous announcements and reveals, including titles such as Cthulhu: The Cosmic Abyss, The Mound, Edge of Memories, and Endurance Motorsport Series. Furthermore, the company will launch version 1.0 of Greedfall 2 on March 12, moving the game out of early access and releasing it on consoles. Because Nacon’s insolvency is linked to financial troubles at Bigben Interactive, there are concerns that Nacon’s studios and intellectual properties could face potential shutdown or sale if the underlying issues are not resolved. Adding to the complexity, Bigben Interactive has also requested an amicable debt restructuring process.

In Case You Missed It

In gaming news that’s sure to get your heart racing, Jonathan Dubinski has penned an insightful deep dive into the upcoming horror game ‘Cthulhu: The Cosmic Abyss’, released on February 20. Set in an eerie underwater mining station, protagonist Noah unravels occult secrets alongside his AI companion Key, offering a choice-driven narrative that impacts both story progression and mental health – you can preview this promising title during Steam Next Fest on February 23 Cthulhu: The Cosmic Abyss Puts Investigation at the Heart of its Gameplay in This New Trailer. Meanwhile, French gaming giant Nacon finds itself in financial distress after announcing insolvency proceedings due to insufficient assets, but they’re committed to pushing forward with their upcoming Nacon Connect event on March 4th. Despite these troubles, Ahmed Hassan’s recent article reveals that Nacon remains dedicated to unveiling new game announcements and presentations of previously announced titles like Cthulhu: The Cosmic Abyss at the event Nacon, Publisher of ‘Hell Is Us’ and ‘Robocop’, Seeks Judicial Recovery. Speaking of Nacon Connect, make sure to mark your calendars for this exciting showcase happening on March 4 at 7 PM. Marcus Thompson promises an action-packed event with gameplay reveals from Cthulhu: The Cosmic Abyss, The Mound: Omen of Cthulhu, Edge of Memories, Endurance Motorsport Series, and more – don’t miss out Nacon Unveils New Details in March!