Tequila Works Auctions Rime IP Following Bankruptcy: What This Means for Nintendo Switch Fans
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Published on: April 12, 2025
Description
Tequila Works, the acclaimed developer recognized for the atmospheric adventure game Rime, has initiated an auction to sell off several of its intellectual properties—including the rights to Rime itself—after the studio filed for bankruptcy in 2023.
This development marks a pivotal moment in independent game development and raises important questions for Nintendo Switch gamers, as well as the broader industry.
Founded in Spain, Tequila Works made significant waves in the gaming world with the release of Rime.
The game launched in 2017 and was made available across multiple platforms, including PlayStation 4, Xbox One, PC, and notably, the Nintendo Switch.
Praised for its stunning visuals and emotive storytelling, Rime quickly became a standout title, earning strong reviews and a loyal following within the Nintendo eShop community.
However, in the wake of several missteps and financial difficulties, Tequila Works filed for bankruptcy protection last year.
As part of the bankruptcy proceedings, the company has begun auctioning many of its assets, including the intellectual property rights to Rime.
According to official information released on the online auction platform, the current bid for the Rime IP stands at 15,500 Euros.
Prospective bidders still have until next month, when the auction is officially set to close, to make their offers.
In a formal statement updated for clarity, Tequila Works’ representatives explained that the auction of its IP portfolio is a necessary step to fulfill outstanding financial obligations stemming from the studio’s bankruptcy filing.
This move, the company says, is intended to "maximize value for creditors and ensure the best possible outcome for all parties involved."
Rime’s journey on Nintendo Switch was particularly notable: after its 2017 launch, the game garnered attention on the eShop for its artistic direction and engaging puzzles, offering Nintendo fans a unique indie gaming experience.
Tequila Works’ expertise in crafting emotive, story-driven titles had also been seen in other projects, but none matched the impact of Rime.
The future of Rime—and any potential new releases or updates—now depends on the results of this highly observed IP auction.
For Nintendo Switch players, this development signifies potential changes to the game’s availability or future content, depending on who ultimately acquires the rights.
As the industry closely watches the outcome, the story of Rime’s IP auction stands as a testament to both the challenges and legacies of indie game development on the Nintendo Switch and beyond.
