The French publisher Nacon continues to face difficulties.

Styx: Blades of Greed

In a note to investors, the company reported that on March 23, 2026, four of its subsidiaries simultaneously asked a court to declare them insolvent. The teams in question are:

  • Kylotonn — creators of Test Drive Unlimited Solar Crown;
  • Spiders — creators of GreedFall;
  • Cyanide Studio — creators of the Styx series;
  • Nacon Tech — a studio specializing in motion capture.

The studios are seeking court permission to begin a procedure known as judicial reorganization. During this process, their current debt obligations are temporarily frozen, allowing the teams to calmly develop a plan to address financial issues. Sometimes, this pause can last up to a year and a half.

As added by journalist Gauthier Andres from Origami, these developments will also affect the studio Big Bad Wolf, which is currently working on Cthulhu: The Cosmic Abyss. However, Nacon’s statement does not mention it.

All of this is part of a larger process. At the end of February, Nacon itself filed a similar application, which the court has already approved. At that time, Nacon explained that it had to take such a step in light of issues faced by its largest shareholder, Bigben Interactive, which failed to make payments to bondholders.

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Nacon


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