October layoffs and the cancellation of one of the games in development did not help the Spanish studio Tequila Works, known for the adventures of Rime and Song of Nunu: A League of Legends Story, to stay afloat.
Image source: Steam (ナスチャღ..::**L*I*L*U*)
According to GamesIndustry.biz, Tequila Works filed for insolvency – the studio declared itself bankrupt. “Protracted market conditions” were cited as the reasons for the decision.
As a result, Raúl Rubio and Luz Sancho, who founded Tequila Works in 2009, left the studio, and Terence Mosca was appointed its new general manager.
According to Mosk, he is proud of what the developers managed to achieve by staying together, but the mentioned market conditions left the management with no choice but to declare the company bankrupt.
Image source: Steam (Alesta)
According to the Spanish Eurogamer, some Tequila Works employees have retained their jobs. Management expects them to continue to “perform their duties” over the next few weeks, although they may not be able to pay them.
At the same time, the official statement from Tequila Works states that the studio management is “doing everything possible to provide support and guidance to our teams during this difficult time.”
Tequila Works’ debut game was the dark platformer Deadlight in 2012, and the studio subsequently made Rime (2017), The Sexy Brutale (2017), The Invisible Hours (2018), Gylt (2019) and Song of Nunu: A League of Legends Story ( 2023).