Spiders, the French studio behind the GreedFall series and The Technomancer, has confirmed it is no longer operating. According to Game Developer, the studio's closure follows a cascading financial collapse tied directly to its parent company, Nacon.
Nacon filed for insolvency earlier this year after failing to partially repay a bond loan, setting off a chain of events that has now claimed one of France's more distinctive RPG developers. A representative confirmed to Game Developer that 'the company as a whole no longer exists,' leaving little ambiguity about the studio's fate.
What Spiders meant for RPG fans
Spiders carved out a specific niche over its lifetime - mid-budget, story-driven RPGs that punched above their weight in worldbuilding despite limited resources. GreedFall, released in 2019, earned a genuine cult following for its colonial-era fantasy setting and morally layered faction systems, enough to warrant a sequel, GreedFall 2: The Dying World, which entered Early Access in 2024.
The studio's portfolio also included Bound by Flame and Mars: War Logs, games that never quite broke through commercially but demonstrated a consistent commitment to the genre. For a mid-tier developer working without AAA budgets, that consistency was notable.
Another casualty of a brutal year for the industry
Spiders' closure is the latest in a string of studio shutdowns that have defined the games industry over the past two years. The difference here is that Spiders wasn't undone by a single underperforming title or a pivot gone wrong - it was collateral damage from a parent company's broader financial implosion.
Nacon's insolvency has cast a shadow over multiple projects and teams under its umbrella. For the developers at Spiders, the timing is particularly harsh given that GreedFall 2 was still in active development and Early Access at the time of the collapse.
The fate of GreedFall 2 and any remaining Spiders IP remains unclear. Whether Nacon's insolvency proceedings result in those assets being acquired by another publisher - or simply shelved - is still an open question for fans of the series.
