The European AA publishing scene just took a serious hit. Nacon, the publisher behind RoboCop: Rogue City, GreedFall, and Test Drive Unlimited Solar Crown, has officially filed for insolvency in France and requested judicial reorganisation.
Naturally, that’s raised major questions across the gaming community:
- Will upcoming games still launch?
- Will live titles continue receiving updates?
- Are Nacon’s studios at risk?
Here’s what’s happening — and what it realistically means for players.
Why Nacon Filed for Insolvency
On 25 February 2026, Nacon confirmed it had entered insolvency proceedings after its majority shareholder, Bigben Interactive, failed to repay a significant bond loan.
That financial shock had a domino effect. With major obligations suddenly exposed, Nacon formally declared cessation of payments and sought judicial protection under French law.
Trading of Nacon shares on Euronext Paris has been suspended while the Commercial Court reviews the restructuring request.
In its official statement, Nacon stated the objective is to:
- Ensure long-term sustainability
- Protect employees
- Preserve jobs
- Maintain ongoing operations
This is important: insolvency in France does not automatically mean shutdown.
Will Nacon Continue Releasing and Supporting Games?
Short Term: Operations Continue
Judicial reorganisation allows Nacon to:
- Keep studios operating
- Maintain online servers
- Continue patching and supporting live titles
- Progress active development projects
The entire purpose of the process is to avoid liquidation while restructuring debt. So if you’re currently playing RoboCop: Rogue City or waiting on updates, nothing has officially stopped.
Long Term: It Depends on the Court Plan
Nacon will have up to 18 months to propose a continuation plan. That plan will determine:
- Which studios remain active
- Which projects move forward
- Whether release schedules slip
- Whether assets are sold
If restructuring succeeds, Nacon survives — likely leaner and more focused. If it fails, asset sales or liquidation become possible.
Impact on Upcoming Games
Most Likely to Proceed
Projects that are near launch or deep into production typically receive priority because they’re revenue-ready.
- GreedFall 2: The Dying World
- Ongoing updates for RoboCop: Rogue City
- Annual sports titles under active development cycles
These are the safest bets in the current situation.
At Higher Risk
Earlier-stage projects are naturally more vulnerable during restructuring.
- Future expansion plans for Test Drive Unlimited Solar Crown
- Hell Is Us
- Unannounced internal projects
This doesn’t mean cancellation is guaranteed — but delays, restructuring, or scope reductions are realistic possibilities.
Nacon’s Catalogue: Strengths and Struggles
Nacon built its reputation as a AA publisher, focusing on mid-budget titles aimed at dedicated fanbases rather than blockbuster AAA audiences.
Action & Shooter
- RoboCop: Rogue City
- Terminator: Resistance
RPG & Narrative
- GreedFall
- Steelrising
Racing & Simulation
- Test Drive Unlimited Solar Crown
- Rugby 24
- Tennis World Tour
This portfolio has produced both critical successes and high-profile disappointments — a mixed performance pattern that likely contributed to financial instability.
What Is Judicial Reorganisation?
Known in France as redressement judiciaire, judicial reorganisation is a legal process designed to help companies in financial distress continue operating while they restructure.
Key Features
- Business continues under court supervision
- Debts are frozen
- A court-appointed administrator evaluates the company
- Up to 18 months to propose a continuation plan
- Primary goal: preserve jobs and avoid liquidation
In short: it’s a lifeline — not a shutdown.
What Happens Next?
The Commercial Court of Lille Métropole is expected to review Nacon’s request in early March. If approved, the company enters a supervised restructuring period.
For now:
- Nacon remains operational
- Studios continue development
- No cancellations have been announced
- The company is publicly committed to finding a sustainable path forward
For players, the key takeaway is simple: nothing changes immediately — but the next 6 to 12 months will be crucial in determining Nacon’s future.
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