Nacon is seeking to have the court assess all options to sustain activity and preserve jobs, with creditor negotiations conducted in a calm framework.

Bigben Interactive controls about 56.7% of Nacon’s shares and 65.8% of its voting rights, and Nacon’s resources are insufficient to cover liabilities, prompting a formal reorganization to stabilize the business.

Nacon, with more than 1,000 employees across 16 studios, has entered cessation of payments and is pursuing a court-supervised recovery to preserve operations and jobs amid broader financial distress at Bigben.

The court-supervised process aims to explore viable debt solutions, renegotiate with creditors, and develop a credible continuation plan while protecting employees.

Nacon previously secured a multi-year partnership to reboot and publish the WRC franchise from 2027 through 2032, illustrating the impact the insolvency could have on strategic IP plans.

Nacon, the French video game editor backed by its majority shareholder Bigben Interactive, has filed for insolvency as Bigben’s debt woes and late payments strain Nacon’s finances.

Upcoming and recent releases in the pipeline include Styx: Blades of Greed, GreedFall 2, and Dragonkin: the Banished, with past labor actions in 2024 at studios like Spiders and Kylotonn cited in context of management transparency concerns.

The market was informed on February 24 that the development is proceeding, and Nacon committed to keeping investors updated as proceedings unfold.

The overarching objective of the restructuring is to ensure continuity of operations and employment while formulating a sustainable future plan amid creditor discussions.

This six-year WRC development and publishing agreement, initially established in 2025, underscores the scale of Nacon’s planned franchise ambitions.

Nacon’s slate included titles such as Gear.Club Unlimited 3, GreedFall 2: The Dying World, Dragonkin: The Banished, and Hunting Simulator 3, which may be affected by the restructuring.

Details on specific creditors, restructuring terms, or a timetable have not been disclosed in the available excerpt.