Tequila Works, Developer of Rime, Initiates Insolvency Proceedings

The Spanish game development company Tequila Works has officially entered insolvency. According to a recent statement from Térence Mosca, the newly appointed general manager, the team is proud of its accomplishments, but unfavorable market conditions have forced the studio to take this step. As a result, the founders of Tequila Works have stepped down, and Mosca has taken over as general manager. The company's philosophy, which has guided its game development since its founding in 2009, emphasizes the importance of creating games with passion and enthusiasm. The management team is committed to providing assistance and guidance to employees during this difficult time. Tequila Works, established in 2009, has developed several notable games, including Rime and Gylt, and has also co-developed and published The Sexy Brutale. Despite receiving investment from Tencent in 2022, the studio was unable to avoid insolvency, even after implementing staff reductions last month.