Yesterday, after reports that it would be shutting down, Greedfall and Steelrising makers Spiders, a studio that had survived in the video game industry for nearly two decades, officially closed its doors after its parent company Nacon failed to find a buyer after Spiders had filed for insolvency. While Nacon itself and three more of its subsidiaries have all filed for insolvency, Nacon continues to truck onward and reveals its Nacon Connect event will indeed return in May 2026, as it previously promised when the event was postponed earlier this year.
The showcase event will premiere on May 7, 2026, at 11am PST / 2pm EST / 7pm BT / 8pm CET, and will include "announcements of ambitious games, a preview of upcoming innovations for its range of accessories and exclusive gameplay sequences for anticipated titles such as The Mound, Edge of Memories, Endurace Motorsport Series, and the very recently announced Hunter: The Recknoning - Deathwish."
It's a bit of a different lineup compared to when Nacon was first meant to hold the event back at the beginning of March 2026, since it no longer cites Cthulhu: The Cosmic Abyss, the Lovecraftian detective game that launched earlier in April (that we also reviewed). There's also the added inclusion of Hunter: The Reckoning - Deathwish, which wouldn't be revealed until the Xbox Partner Preview event last month.
Nacon didn't provide any additional statement or update on its own situation regarding its insolvency filing with the announcement of the new date for the event, and instead simply said, "Sorry for the delay...but we're finally back" when making the announcement on X (formerly Twitter). There's also an updated teaser for the event, which you can check out below.
On the one hand, it's a positive sign to see Nacon move forward as if everything will be okay, and it very well could be, but it's difficult to be excited for a showcase where you can't really know for sure if any of the games being shown will make it out the door. Either from the development team behind them getting shut down, or their publisher, Nacon, closing its doors.
Three of Nacon's subsidiaries remain insolvent. If Nacon can't sell them, they'll likely be shuttered just as Spiders was. Spiders was also just shut down as of yesterday, and it filed for insolvency at the same time as the remaining three studios. Unless a buyer has been secured for them, it could be that we hear of their shuttering even before next week's event.
That will all be front of mind for anyone tuning into the showcase more than the actual games being shown off.
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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