Tequila Works auctions off game rights and IP following insolvency

Tequila Works has begun auctioning off the rights to its games and IP after filing for insolvency last November.

As spotted by VGC, the Spanish developer has set up a page on auction site Escrapalia where it has listed its “intangible assets” including IPs, in-development titles, and the studio’s branding.

Adventure platformer Rime, action-adventure puzzle game Gylt, and its debut title Deadlight are among those listed, with trademarks and rights for the games available for purchase.

There are also vertical slices for unreleased projects including The Ancient Mariner, Dungeon Tour, and Brawler Crawler, alongside the studio’s branding, website, and social media handles.

Tequila Works filed for insolvency last year due to “prolonged market conditions.” A month prior to this decision, the studio laid off a “small number” of its development team.

In March 2022, Tencent became a majority investor after providing an undisclosed amount of funds. The investment was used to grow Tequila Works and support the development of more original IP.