Tequila Works, the Developer Behind Rime, Sells Game Rights Amid Insolvency
Tequila Works, known for titles like Rime, is auctioning off its game rights, including four in development, following its insolvency announcement.
Tequila Works, the studio behind acclaimed games like Rime and Gylt, has announced its insolvency and is now auctioning off its game rights along with several unfinished projects.
Auction Details
A listing has appeared on Escrapalia, a European auction platform, showcasing the studio’s various intangible assets ranging from video game intellectual properties to in-development titles and the Tequila Works brand. The bids for completed titles like Rime and previously Stadia-exclusive Gylt are reportedly ranging between €10,000 and €20,000.
Among the assets are four unfinished projects with playable demos:
- The Ancient Mariner: an open-world game
- Dungeon Tour: a co-op party game
- Brawler Crawler: a multiplayer brawler featuring procedurally generated environments.
Background
Tequila Works had previously experienced a series of cuts and cancellations, including the halt of an unannounced project. By the end of 2022, the company was under the majority ownership of Tencent.
In a statement released late last year, General Manager Térence Mosca expressed pride in the team’s achievements while acknowledging that “prolonged market conditions” led to the difficult decision of insolvency.
