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Struggling indie studio responsible for Rime and Gylt auctions off game IPs amid financial collapse


Tequila Works, the indie developer behind Deadlight, Rime and Gylt, is selling off all of its assets in an open auction after declaring bankruptcy at the end of last year.


The rights and trademarks to its games and several unfinished prototypes are now listed for sale on auction website Escrapalia, with bids being taken for the next 32 days.


Rime and Gylt are currently both fetching the most interest, with around 150 bids for each and an asking price of €15.5k (£13.5k) for each. At the time of writing, Deadlight is going for €2600 (about £2250).


Intriguingly, this sale also reveals prototypes for other Tequila Works projects, sold as “vertical slices” the company likely made to pitch to publishers.


The Ancient Mariner is described as an open-world narrative action adventure “focused on human emotions as the engine of gameplay”.


Dungeon Tour, meanwhile, would have been a “mid-core cooperative party game for up to four players” where you managed a horde of tourists through dungeons. Tequila Works says it was aiming for a visual and narrative style featuring “dark and absurd humour, in a conceptual mix between Overcooked and Dungeon Keeper”.


Then there’s Brawler Crawler, a multiplayer title focused on combat in “a chaotic urban universe where the player explores and struggles to master their own combat style”. This would have featured procedurally-generated lanes with tough raids and bosses.


Back in November 2024, Tequila Works announced it was filing for insolvency as “prolonged market conditions” had left it no other option. Founded in Madrid in 2009, the company’s most recent game was Song of Nunu: A League of Legends Story, which was released under the now-defunct Riot Forge publishing label.

Announcing the company’s shutdown, Tequila Works boss Térence Mosca said he was “proud of what [the team] has accomplished together”.


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