Spiders shuts down after Greedfall II prequel release amid Nacon insolvency

Spiders, the developer behind ARPGs like Greedfall and Steelrising, has officially closed its doors, becoming the first major studio casualty of parent company Nacon’s ongoing financial collapse. Spiders shuttered its doors just weeks after the studio released Greedfall: The Dying World, a prequel to its biggest hit, marking the end of an 18-year run for a team renowned for its eurojank RPGs.

Greedfall Developer Spiders Cuts to the Chase: ‘We’re Being Liquidated’

The news broke in a Facebook post on April 29, 2026, when Spiders addressed the situation. The studio explained (quotes amalgamated):

“Hello, everyone. First off, we’re going to cut straight to the chase so you’re not left wondering. After a long period without clear answers, we have received confirmation that Spiders is being liquidated.

What does it mean? It means the parent company as a whole no longer exists. We’ll cease our functions immediately. The planned DLC will release via Nacon, and then… well, that’s it. We’re sorry that it’s come to this and would like to thank each and every one of you for your support over the years.”

If you have any questions or run into issues with your games, please contact Nacon directly, as we’ll no longer be able to reply.”

French Video Game Workers’ Union STJV Calls Spiders’ Closure a Case of 'First-Degree Murder’

The French video game workers’ union STJV also chimed in on the matter, venting its frustration in a statement of its own. STJV says that Spiders’ shutdown by Nacon was “a premeditated and deliberate choice by Nacon’s management” and encouraged gamers and fans to boycott the publisher entirely. The union further stated:

“Seventy-one workers will see their jobs, their careers, and their incomes slashed by Spiders’ and Nacon’s incompetence and malice. Officially, the liquidation is blamed on Spiders not making enough profit and the absence of a takeover offer. In reality, it’s a deliberate process on Nacon’s part.”

Trouble for the developer started back in February 2026, when Nacon’s major shareholder, Bigben Interactive, failed to repay a €43 million partial payment on a bond loan. Nacon then had to file for insolvency and put multiple subsidiaries and studios, including Spiders, up for sale. No buyers came forward.

At the beginning of 2026, Nacon was confident that its upcoming releases would remain on track while it addressed the ongoing storm. Now, Spiders is gone, and the industry fears more subsidiaries like Kylotonn and Cyanide are next on the chopping block.