In a stunning blow to the European gaming landscape, French publisher and hardware manufacturer Nacon has officially filed for insolvency as of February 25, 2026. The filing comes at a critical moment for the company, occurring just one week before its highly anticipated Nacon Connect 2026 event and less than two weeks before the full release of its flagship RPG, GreedFall 2: The Dying World. The announcement has sent shockwaves through the industry, with trading of Nacon shares currently suspended on the Euronext Paris exchange.

Insolvency Filing: What Happened?

The crisis stems from Nacon’s parent company, Bigben Interactive, which holds a 56.72% stake in the publisher. According to a press release issued yesterday, Bigben was unable to meet a partial bond loan repayment of €43 million due to an "unexpected and late refusal" by its banking pool. Consequently, Nacon found its own available assets insufficient to cover immediate liabilities, forcing the decision to file for insolvency before the Commercial Court of Lille Métropole.

Nacon is requesting the initiation of judicial reorganization proceedings (redressement judiciaire). If approved by the court in early March, this legal maneuver would freeze the company's existing debts for an observation period of up to 18 months. Management has stated that the primary goal is to "assess all possible solutions to ensure the sustainability of the activity, protect employees, and preserve jobs" while restructuring its financial obligations.

GreedFall 2 Release Status and Nacon Connect 2026

The timing could not be worse for the publisher's slate of upcoming releases. Fans are clamoring for updates on the GreedFall 2 release status, as the Spiders-developed RPG was scheduled to leave Early Access and launch its Version 1.0 on PC this March 10, with console versions following on March 12. As of this morning, Nacon has not officially delayed the launch, but industry analysts warn that marketing budgets and server support could be immediately impacted by the freeze on spending.

Even more pressing is the fate of the Nacon Connect 2026 showcase, originally set to air on March 4. The event was promised to reveal the future of the company's portfolio, including updates on Hell is Us and the new Endurance Motorsport Series. While no official Nacon Connect 2026 cancellation notice has been issued yet, sources close to the situation suggest the event may be scaled back or postponed as executives scramble to address the financial emergency.

Video Game Industry Bankruptcy 2026: A Growing Trend?

This development marks the most significant video game industry bankruptcy 2026 has seen thus far, highlighting the fragility of the "AA" publishing market. Despite reporting stable sales of €167.9 million for the 2024/25 fiscal year, Nacon struggled with a drop in net income and delays to key titles like Terminator: Survivors. The French gaming publisher financial crisis underscores the risks publishers face when high-investment cycles clash with liquidity crunches.

Impact on RoboCop and Licensed Titles

Gamers are also expressing concern over the publisher's back catalog and future licensed projects. Nacon found major success with the RoboCop Rogue City publisher news cycle in 2023 and 2024, but the status of future expansions or sequels is now in limbo. Furthermore, Nacon holds the official license for the World Rally Championship (WRC) games starting in 2027—a long-term deal that could be jeopardized if the restructuring fails.

Nacon Gaming Accessories Future

Beyond software, Nacon is a major player in hardware. The Nacon gaming accessories future—including its popular RIG headsets and Revolution controllers—remains a key asset in the restructuring talks. The company recently invested in a new production plant in Lauwin-Planque, France, intended to centralize manufacturing. Analysts believe the accessories division remains profitable and could be the lifeline that convinces the court to approve the continuation plan, potentially spinning off or shielding these assets from the publishing division's volatility.

For now, over 1,000 employees across Nacon's 16 development studios wait for the court's decision in early March. We will continue to update this story as more information becomes available regarding the GreedFall 2 launch and the upcoming Nacon Connect broadcast.