Spanish dev studio Tequila Works files for bankrupcy

[Yurinka]

After announcing layoffs last month due to a cancelled game, the developer of Rime, (League of Legend, were part of Riot Forge) Song of Nunu, Gylt (was a 2nd party Stadia game), Deadlight or Sexy Brutale now filled for bankrupcy and their owners/board of directors resigned.

Similar to what happened to other studios, apparently their main investor (Tencent in this case) moved away and the studio heads struggled to quickly find another investor to replace them. They are still working trying to find a new investor who could help them to continue.

Now the company will be handled by who previously was their COO.

Current news of the bankrupcy:

La desarrolladora española Tequila Works declara bancarrota

El estudio madrileño Tequila Works se ha declarado en bancarrota y ha entrado en concurso de acreedores.

www.eurogamer.es

https://akihabarablues.com/tequila-works-declara-la-bancarrota/
https://www.3djuegos.com/juegos/son...studio-detras-rime-se-ha-declarado-bancarrota

Announcement of the layoff from last month:

 

[Zzero]

Rip, they were a solid high A/AA studio.

 

[akira__]

Really bad, they had the visuals right. They needed to be bit more Japanese, and would really help if they would have publisher that could give feedback, and connect to other studios on game design, and performance.

They had real talent, weird nobody bought them.

 

[voke]

Rime… played that ages ago. RIP the studio

 

[Dick Jones]

Rime has nice gameplay with an emotionally tough ending. I'd highly recommend it.

 

[Kokoloko]

Rime has nice gameplay with an emotionally tough ending. I'd highly recommend it.

Yeah nice little game. Shame about the studio

 

[Entropi]

This is terrible news. Rime was great and I feel they had great potential.

 

[Bryank75]

Damn, that's so sad. The industry is so brutal right now...

 

[Yurinka]

Damn, that's so sad. The industry is so brutal right now...

Yep.

I updated the OP with extra info, seems that as it is happening in several studios their main investor (in this case Tencent) decided to don't continue funding them and moved away. They are trying to find another investor to save the studio.

Rime has nice gameplay with an emotionally tough ending. I'd highly recommend it.

Yes, the people who worked in that game are very talented.

As an example, I know personally the sweet and cheerful girl who sang the song of the ending, I love her (she later went to work to Control btw)

I also personally met the couple who ran the studio in some conferences where we both were panelists, very talented and nice people.

 

[Killer_Sakoman]

That's what happens when people play GaaS and ignore real high quality games. Good developers suffer. People with taste get less of those developers games.

 

[arvfab]

That's what happens when people play GaaS and ignore real high quality games. Good developers suffer. People with taste get less of those developers games.

Not enough profits and MAUs, the market has spoken. Quality has become irrelevant, talent has become irrelevant, creativity has become irrelevant. If it doesn't print money, it's useless.

 

[Shmunter]

Damn, Ryme was a delight. Finished on ps4 pro back in the day