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NewApp Digest
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insolvency

Once promising developer Tequila Works is auctioning off the rights to its games, including 4 still in development
AppWizard
April 20, 2025

Once promising developer Tequila Works is auctioning off the rights to its games, including 4 still in development

Tequila Works, a Spanish game studio founded in 2009, has declared insolvency following staff reductions and the cancellation of an unannounced project. The studio's intangible assets, including notable video game intellectual properties like Rime and Gylt, are currently up for auction on the European platform Escrapalia, with bids ranging from 10,000 to 20,000 euros. General manager Térence Mosca stated that prolonged market conditions forced the company into this situation.
Tequila Works selling off games and IP after going bust
AppWizard
April 11, 2025

Tequila Works selling off games and IP after going bust

Spanish developer Tequila Works is auctioning its games and intellectual properties on Escrapalia due to financial challenges, having filed for insolvency in November 2024 after layoffs. The auction includes publishing rights for titles like Deadlight, Rime, Gylt, and The Invisible Hours, upcoming projects such as Brawler Crawler, Dungeon Tour, and The Ancient Mariner, additional creative concepts, and corporate identity assets. The trademark and IP for Rime and Gylt are particularly sought after. Tequila Works was founded in 2009 and is known for its game-development philosophy.
Tequila Works has filed for insolvency
AppWizard
November 13, 2024

Tequila Works has filed for insolvency

Spanish game developer Tequila Works has officially filed for insolvency, as announced by general manager Térence Mosca, who cited challenging market conditions as the reason. The studio, founded in 2009, is known for titles such as Rime, Gylt, and The Sexy Brutale. Earlier this year, Tequila Works experienced layoffs in October, following substantial investment from Tencent. Mosca has transitioned from chief operating officer to general manager amid the insolvency process, which has also seen the departure of the studio's founders.
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