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Renz O. Soliman

'Rime,' 'Song of Nunu' Dev Tequila Works Files for Insolvency Amid 'Prolonged Market Conditions'

Nunu Riot Forge

Rime and Song of Nunu developer Tequila Works has filed for insolvency amid "prolonged market conditions." (Credit: Steam, Tequila Works)

Developer Tequila Works has filed for insolvency after laying off several of its staff last month amid "prolonged market conditions."

The Rime and Song of Nunu developer also canceled an unannounced project that was supposedly in development. Newly appointed general manager Terence Mosca issued a statement talking about the latest developments.

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