Spiders Studio Set to Close After Nacon Fails to Find a Buyer

Spiders, the Paris-based RPG developer behind GreedFall and Steelrising, is heading toward liquidation after parent company Nacon could not secure a buyer for the studio.

The 18-year-old studio had been placed under judicial reorganization alongside other Nacon subsidiaries, including Kylotonn, Cyanide, and Nacon Tech. The process gave these studios time to restructure their debts and ideally attract new investors or buyers.

For Spiders, that window has now closed without a deal in sight. According to French outlet Origami, the court procedures currently underway are essentially just a formality at this point, with sources inside the studio already scrambling to find other employment.

Layoffs are expected within 15 days of the court's ruling once the liquidation request is formally filed.

Spiders was founded in 2008 by developers who had previously worked at Monte Cristo on Silverfall. The studio spent its early years putting out smaller, quicker RPG projects before finding its footing with The Technomancer in 2016.

That charm carried the studio forward. GreedFall in 2019 was a genuine breakthrough, landing the studio a publishing deal with Nacon that same year. Steelrising followed in 2022, a French Revolution-inspired Soulslike that showed just how far the team had grown.

Unfortunately, GreedFall 2: The Dying World stumbled badly during Early Access and failed to meet fan expectations. A project internally called Dark was also reportedly canceled in 2025, leaving the studio without a strong foothold heading into its financial crisis.

The broader trouble traces back to Nacon's parent company, Bigben Interactive, which was unable to repay loans it had taken. Nacon filed for insolvency on February 25, requesting judicial reorganization before the Lille Métropole Commercial Court. The company acknowledged that its available assets were simply not enough to meet its liabilities. The situation then spread to its studios, with Spiders, Kylotonn, Cyanide, and Nacon Tech all filing for insolvency in late March and being placed under the same judicial reorganization framework.

As of now, no official announcement has been made by Nacon or Spiders regarding the closure. It also remains unclear what will happen to the GreedFall IP and the studio's other franchises. Kylotonn, Cyanide, and Nacon Tech are also still at risk depending on how Nacon's wider restructuring plays out.