Indie Rime Developer Tequila Works Auctions Off Intellectual Property Following Bankruptcy

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Tequila Works, known for titles like “RiME” and “Gylt,” is undergoing a significant shift, as its intellectual property is being auctioned off. This move comes after the studio filed for insolvency in 2024, a consequence of what the company described as “prolonged market conditions.”  

The auction, being conducted through the online platform Escrapalia, includes a range of assets. Notably, the rights to well-regarded games such as “RiME,” “Gylt,” and “Deadlight” are among the items up for bidding. Additionally, the auction encompasses in-development projects, offering potential buyers the opportunity to acquire unfinished works like “The Ancient Mariner,” “Dungeon Tour,” and “Brawler Crawler.” Beyond game IP, the auction also includes the studio’s branding, website, and social media presence.   

This situation highlights the volatile nature of the video game industry, where even studios with critically acclaimed titles can face financial instability. Factors such as shifts in market trends and the challenges of game development can significantly impact a studio’s viability. The auction raises questions about the future of Tequila Works’ games and the potential for these IPs to find new life under different ownership.

Source: Games Industry