Report: Spiders Studio May Shut Down After 18 Years of Operation

Key insights

6 takeaways

01
Spiders, the developer of GreedFall and Steelrising, faces imminent liquidation following a failed sale attempt by parent company Nacon.
02
The trustee overseeing Spiders' bankruptcy is filing a court petition for liquidation on April 29, 2026, which would trigger a 15-day window to disband the studio upon approval.
03
Spiders employees have largely halted game development to focus on job hunting and professional development, with the studio allowing staff to purchase their own equipment.
04
Nacon and four of its subsidiaries—Spiders, Kylotonn, Cyanide Studio, and Nacon Tech—filed for insolvency in March 2026 following financial instability at their major shareholder, Bigben Interactive.
05
While the four subsidiaries sought judicial reorganization to freeze debt and restructure, Spiders appears to be the first facing total closure due to a lack of interest from potential buyers.
06
Nacon is expected to provide further clarity on the status of its subsidiary teams and its own financial future in an upcoming annual report scheduled for May 2026.

Summary

The French game development studio Spiders, known for titles such as GreedFall and Steelrising, faces imminent closure after 18 years of operation. Following a failed attempt to sell the studio in late March 2026, reports indicate that a trustee is filing a court petition for liquidation. Internal operations have effectively ceased, with staff focusing on career transition and the acquisition of professional equipment. If the court approves the petition, the parent company, Nacon, will be required to disband the development team within 15 days.

This potential closure is part of a broader financial crisis affecting the Nacon corporate structure. In February 2026, Nacon filed for insolvency following payment failures by its major shareholder, Bigben Interactive. Subsequently, in March 2026, Nacon sought judicial reorganization for four of its subsidiaries—Spiders, Kylotonn, Cyanide Studio, and Nacon Tech—to freeze debt obligations and attempt to restructure. While these measures were intended to provide a window for financial recovery, the lack of interest in acquiring Spiders has accelerated the path toward liquidation.

The situation highlights the severe instability currently impacting the French gaming sector, specifically within the Nacon ecosystem. The broader insolvency proceedings involve multiple studios and specialized technical teams, suggesting a systemic failure to sustain operations under current financial pressures. Further clarity regarding the future of the remaining subsidiaries and the parent company is expected in Nacon’s annual report, scheduled for release in May 2026.