The VR and XR community has lost another beloved developer, as Midgar Studio, the French studio behind the critically-acclaimed Edge of Memories, has been ordered to liquidate by a court in France. This news comes after Nacon, the parent company that owns Midgar, filed for insolvency earlier this year.
Midgar Studio was founded in 2008 with a mission to create games that blended French and Japanese sensibilities, and over the years, they have produced several titles, including Hover, Edge of Eternity, and, most recently, Edge of Memories. Their work has been widely praised for its unique blend of exploration and storytelling, and their commitment to crafting immersive experiences that transport players to new worlds.
The news of Midgar’s liquidation is a setback not only for the VR community but also for the broader gaming industry. Nacon, which owns several subsidiaries, including Spiders, Kylotonn, and Cyanide, had filed for insolvency earlier this year after its parent company, Bigben Group, failed to partially repay a bond loan. Despite efforts to find a buyer or solution, Midgar has been unable to avoid liquidation.
According to Nacon’s CTO, Jérémy Zeler-Maury, the company had explored all possible avenues to preserve both the studio and its team but ultimately ran out of time and resources. In a heartfelt statement on LinkedIn, Zeler-Maury expressed his gratitude to the Midgar team and acknowledged the studio’s impact on the gaming industry.
The liquidation of Midgar Studio raises questions about the future of VR and XR development in France and beyond. As the industry continues to evolve and grow, it is essential for studios and publishers to adapt and innovate to stay ahead of the curve. The loss of a talented developer like Midgar will undoubtedly be felt across the gaming community.
However, this news also serves as a reminder that the VR and XR ecosystem is constantly evolving, with new opportunities emerging even in the face of adversity. As we look to the future, it’s essential for developers, publishers, and investors to work together to create sustainable business models that support innovation and creativity.
The liquidation of Midgar Studio may be a setback, but it also serves as a catalyst for the next chapter in VR and XR development. With new technologies emerging and consumer demand growing, there has never been a more exciting time for VR enthusiasts and developers alike. As we move forward, one thing is clear: the future of VR and XR will continue to unfold with innovative stories, immersive experiences, and groundbreaking technology that pushes the boundaries of what’s possible.
Source: Game Developer XR — 2026-07-21