Tencent becomes majority shareholder in Rime developer Tequila Works

The studio is currently working on a League of Legends project

The studio behind Rime has a new majority shareholder. Today, the studio confirms Tencent is now the majority investor in the developer.

Tequila Works is currently working on Song of Nunu: A League of Legends Story, part of a tie-in with Riot Games’ Forge publishing arm. Other tie-ins from that have included last year’s Ruined King RPG from Airship Syndicate and Hextech Mayhem, a rhythm-runner from Choice Provisions.

With this investment, Tequila Works CEO Raúl Rubio says the studio plans to take the original IP it’s known for to “greater heights.”

“For 12 years, the teams at Tequila Works have passionately crafted high-quality titles that radiated our personal sensibilities,” said Rubio. “But there’s a limit to how much you can grow by yourself.”

Tequila Works welcomes Tencent as a majority investor.https://t.co/AZSv8o3T24

— GYLT 👁️ Available now on Nintendo Switch (@TequilaWorks) March 15, 2022

“Tequila Works’ creativity and attention to detail has resulted in titles that have delighted audiences around the world,” said Pete Smith, Tecent Games Global’s VP of Partnerships. “We look forward to working alongside the team and building on these foundations to deliver on its exciting ambitions for future games.”

Tequila Works has certainly made some interesting projects in the past. Games like Rime, Gylt, and The Sexy Brutale are all recognizable and unique, especially in their art directions. With an influx of cash, this hopefully helps the developers at Tequila Works to keep growing.

Tencent, meanwhile, keeps on making more investments and acquisitions in the gaming space. It acquired Inflexion Games a few weeks ago, and also recently revealed the acquisition of Polish development group 1C Entertainment.