Key Takeaways
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- Nacon, a French video game publisher known for titles like Hell Is Us and RoboCop: Rogue City, has filed for judicial recovery due to financial difficulties caused by Bigben Interactives debt default.
- The company aims to use the judicial recovery proceedings to renegotiate with creditors, maintain operations, protect jobs, and evaluate solutions for long-term stability.
- Despite its financial challenges, Nacon plans to move forward with its Nacon Connect event on March 4, where it will announce new games and provide updates on previously announced titles.
- Nacon employs nearly 1,000 people across its French studios, including Cyanide, Big Bad Wolf, Spiders, Eko Software, Kylotonn, Ishtar Games, Midgar Studio, and has franchises like Hell is Us, Test Drive Unlimited, and Styx. The company hopes the court-approved debt restructure will allow it to continue operations.
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French video game publisher Nacon announced it has filed for judicial recovery after its majority shareholder, Bigben Interactive, defaulted on debt payments due to an unexpected refusal from its banking group. Nacon, whose portfolio includes games like Hell Is Us and RoboCop: Rogue City, stated that its assets are insufficient to meet its financial obligations. Consequently, the company has filed for insolvency and requested judicial recovery proceedings. In a statement, Nacon explained that the goal of these proceedings is to “evaluate all solutions that enable us, under the best possible conditions, to ensure the continuity of the company’s operations, protect employees and maintain jobs, while renegotiating with our creditors in a calm and peaceful environment.” Such proceedings can last up to 18 months. Trading of Nacon’s stock on the French stock exchange was halted last week. Despite its financial challenges, Nacon intends to proceed with its Nacon Connect event on March 4, where it will announce new games and present updates on previously announced titles such as Cthulhu: The Cosmic Abyss, The Mound, Edge of Memories, and Endurance Motorsport Series. The event will also preview GreedFall 2: The Dying World, scheduled for release on March 12.
Nacon Seeks Temporary Liability Suspension for Restructuring, Preserves Over 1,000 Jobs in French Studios
Founded in 1981, Nacon has been part of the Bigben group since 2019; Bigben Interactive holds a 76.7% stake in Nacon. Nacon’s request for redressement judiciaire proceedings—a French legal process that temporarily suspends liability payments for up to 18 months—was submitted to the Commercial Court of Lille Metropole. A court hearing in early March will determine whether to approve the restructuring process and outline the next steps for oversight. Nacon employs nearly 1,000 people across its French studios. These include Cyanide (known for Tour de France), Big Bad Wolf, Spiders (GreedFall, Steelrising), Eko Software, Kylotonn, Ishtar Games, and Midgar Studio. Other franchises in Nacon’s portfolio include Hell is Us, Test Drive Unlimited, and Styx. Nacon recently released Styx: Blades of Greed on PC and consoles earlier this month. The company hopes that the court-approved debt restructure will allow it to remain operational.
In Case You Missed It
This March promises to be an exciting month filled with anticipation, kicking off with Nacon’s annual Connect event on March 4th at 7 PM sharp. Join Marcus Thompson for his exclusive coverage of ‘Nacon Unveils New Details in March’, where you’ll get a sneak peek into gameplay showcases and surprises from upcoming titles like Cthulhu: The Cosmic Abyss, The Mound: Omen of Cthulhu, Edge of Memories, Endurance Motorsport Series, and more. Mark your calendars and don’t miss out on this immersive gaming experience Nacon Unveils New Details in March. While waiting for the event, why not satisfy your curiosity for cosmic horror with Jonathan Dubinski’s deep dive into Cthulhu: The Cosmic Abyss, releasing on April 16? His February 20 article highlights the new trailer showcasing gameplay investigation at its heart. Play as Noah uncovering occult secrets in an abandoned underwater mining station, aided by Key, your AI companion. Experience thought-provoking choices driving narrative progression and Noah’s sanity during Steam Next Fest’s public demo on PC from February 23 Cthulhu: The Cosmic Abyss Puts Investigation at the Heart of its Gameplay in This New Trailer. Meanwhile, if you’re eager for innovative game launches, Marcus Thompson’s recent piece on Styx: Blades of Greed is a must-read. Released on February 19th, this action-packed Metroidvania-style game offers fresh stealth gameplay with quartz-based powers as you navigate through The Wall, turquoise dawn, and the ruins of Akenash. Discover more details and watch the launch trailer here Styx Blades of Greed Released: Launch Trailer and Key Details.
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Links to external sources for further reading
- Get the Latest in Movies, TV, Gaming and more - First!Get the Latest in Movies, TV, Gaming and more - First!fandomwire.com
- After parent company failed to make a loan repayment.After parent company failed to make a loan repayment.ign.com
- Styx: Blades of Greed and Hell is Us publisher Nacon files for insolvencyStyx: Blades of Greed and Hell is Us publisher Nacon files for insolvencyeurogamer.net
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