85%
Highly Likely
Greedfall developer Spiders will reportedly shut down "soon" after it filed for insolvency last month, as its parent company Nacon seemingly fails to find a buyer for the studio.
After Nacon itself filed for insolvency due to financial issues with its major investor, it was reportedly looking to sell off two of its subsidiaries, Spiders and the motion capture studio, Nacon Tech. Now, according to a report from Origami, the publisher has been unable to find a buyer for Spiders, and the studio that has survived for nearly two decades after its founding in 2008 will have to close its doors.
The studio's developers will all be laid off, and the future of Nacon gets a little more questionable, as this could realistically just be the first of many dominoes to fall.
2026 seemed to be just another year for Nacon if you wind the clocks back to January. Then, when its majority investor, Bigben Interactive, saw its refinancing deal fall through at the last minute, everything was thrown into chaos.
Nacon filed for insolvency, as previously mentioned, followed by four of its subsidiaries doing the same, with Cyanide, Spiders, Kylotonn and Nacon Tech all filing for insolvency. The future of Kylotonn, Cyanide, and Nacon Tech is still unclear, but for Spiders, it appears the studio's time is coming to a close.
Nacon has tried to keep things running as normally as possible. It still published Cthulhu: The Cosmic Abyss earlier this month, revealed that it is publishing a new Hunter: The Reckoning game, and announced a release date for The Mound: Omen of Cthulhu. It also maintained that "this is not the end" and rescheduled its postponed Nacon Connect event from its initial March date to sometime in May 2026, though it has yet to be given a specific date.
Spiders, meanwhile, has been doing its best to keep Greedfall 2: The Dying World from, well, dying, after it launched out of early access with a myriad of issues that the team has been patching out as quickly as possible, with the most recent patch actually going live yesterday.
Now, it looks like whatever issues still remaining in Greedfall 2 simply won't get fixed, and another veteran studio will close its doors. Hopefully, the same doesn't happen to the rest of Nacon's subsidiaries, but it is unfortunately a very real possibility.
About the author: David has been writing about videogames, technology, and culture since 2020, with a focus on reporting daily news across multiple publications, including GameDaily.Biz, GameSkinny, and PlayStation Universe before joining Wccftech in 2025. David started contributing as Canada/US reporter for Wccftech's gaming section in 2025. Besides being up-to-date on the industry's movements, he loves interviewing developers, reviewing games, and writing intricate essays about the symbolism and layered meanings to be found in rich narratives as he's done for publications like GamesIndustry.Biz, LostInCult, and others. Outside of games he loves movies, music, theatre, his hometown, and his family, though not necessarily in that order.
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