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[IbizaPocholo]

TEQUILA WORKS WELCOMES TENCENT AS A MAJORITY INVESTOR

Tequila Works born in 2009 to create universes with gusto. Our philosophy and challenge is to always ask ourselves: Where is the beautiful? Where is the Crazy?

www.tequilaworks.com

Tequila Works today welcomed Tencent as the majority shareholder of the game development studio.

Madrid-headquartered Tequila Works, founded in 2009, is known for titles including RiME, Deadlight, GYLT, The Sexy Brutale, The Invisible Hours and the forthcoming Song of Nunu a League of Legends Story said Tencent’s investment will provide it with the means to take its games to the next level.

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

Luz Sancho, Tequila Works Chairwoman said: “We are delighted to ally with a partner that allows us to make Tequila Works a stronger studio with access to all the resources required to produce titles of the highest quality, all made with the care and passion our beloved fans know us for as well as the opportunity of bringing these projects to a wider audience.”

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

Tequila Works CEO Raúl Rubio said it’s rare to find a partner like Tencent.

“They’re a partner that can appreciate the value of top creative talent with originality as their banner. One that respects our independence and creative freedom. This partnership will allow us to focus on taking the original IPs we are known for to greater heights and create the best experiences we can dream of,” Rubio said.

 

[Keihart]

i was mixing this studio with tango gameworks.
i felt confused for a second there.

 

[Cert.in.Death]

Very fine people, on both sides.

/s

 

[R3claimer117]

Lmao slowly gobbling up everything and also bought controlling interest in about 5 other companies. No monopoly talk ehhh!

 

[lh032]

China Gaming console incoming in the future.

 

[saintjules]

i was mixing this studio with tango gameworks.
i felt confused for a second there.

Making Margaritas?

 

[SentientStone]

China Gaming console incoming in the future.

Does it come in red?

 

[Sega Orphan]

Ten mother fuckin cent.
Seriously, all MS has to do to get the ABK deal through is to day if MS didn't buy them Tencent would have, and the US doesn't want the Chinese taking over Tech.
The difference between MS and Sony vs Tencent in acquisitions is that Tencent throw money at anyone and everyone. The formers are more strategic.

 

[Topher]

"Tequila Works CEO Raúl Rubio said it’s rare to find a partner like Tencent."

I could probably start a bullshit gaming company tomorrow and have an offer on the table from Tencent by the end of the week.

 

[Oddvintagechap]

Lmao slowly gobbling up everything and also bought controlling interest in about 5 other companies. No monopoly talk ehhh!

what on earth are you talking about, thats the running joke about Tencent. Nothing can stop Tencent from buying a controlling interest in a small company in Spain.

 

[ParaSeoul]

 

[PSYGN]

It's disgusting they call themselves ten cent, they clearly have more than that. But that's just my 2 cents.

 

[SeraphJan]

TenCent is on its way to becoming FiftyCent

 

[Zeroing]

i find it ironic from a country who hates “capitalism”

 

[MrTroubleMaker]

another one

 

[Corndog]

Ten mother fuckin cent.
Seriously, all MS has to do to get the ABK deal through is to day if MS didn't buy them Tencent would have, and the US doesn't want the Chinese taking over Tech.
The difference between MS and Sony vs Tencent in acquisitions is that Tencent throw money at anyone and everyone. The formers are more strategic.

I doubt it. Burocrats can be idiots.

 

[EDMIX]

i was mixing this studio with tango gameworks.
i felt confused for a second there.

Turns out Tencent thought that was who they were buying.

Be like "Ok get started on Evil Within 3"

Oddvintagechap lol thats because some are so slow, they have no idea what any of those terms actually mean.

 

[ZehDon]

I, for one, welcome our Chinese overlords. I’d also like to remind them that, as an esteemed NeoGAF shit poster, I can be helpful in rounding up others to toil in their worker "not a concentration camp" camps.

 

[GrayFoxPL]

The Sexy Brutale was bitchin'.

RiME was okay.

That was that when it comes to my experience with the company.

Good for Tencent I guess.

 

[El Pistolero]

Ten mother fuckin cent.
Seriously, all MS has to do to get the ABK deal through is to day if MS didn't buy them Tencent would have, and the US doesn't want the Chinese taking over Tech.
The difference between MS and Sony vs Tencent in acquisitions is that Tencent throw money at anyone and everyone. The formers are more strategic.

Yeah, no. Tencent would not have paid anywhere close to that amount.

 

[El Pistolero]

i find it ironic from a country who hates “capitalism”

China is the very definition of capitalism nowadays.

 

[Sega Orphan]

Yeah, no. Tencent would not have paid anywhere close to that amount.

If you knew the total amount of money that Tencent has spent on their gaming studio investments you might be surprised by just how big it is.

 

[Zeroing]

China is the very definition of capitalism nowadays.

I know but they still view the other counties as worse.

 

[Sega Orphan]

Tencent has actually made some smart investments.
They paid a bit over 400 million for Riot Games, and now Rocket Leauge has revenue of 1.4 billion per year.
They bought a 40% stake in Epic games, and now Fortnite alone makes 2.4 billion a year.

 

[Kiddo Cabbusses]

Again, how is Tencent gobbling up companies while China's real estate giants are all collapsing?

 

[OmegaSupreme]

China is the very definition of capitalism nowadays.

Capitalism is not a system of government. Capitalism isn't what's putting people in camps in China but I digress.

 

[Craig of War]

 

[The_Mike]

China Gaming console incoming in the future.

A millisecond after you turn it on

 

[GymWolf]

Don't care for any of their game tbh.

 

[Clear]

Rime was brilliant. One of the very best games of last gen.

 

[Bryank75]

Ten-spent. You're welcome!

 

[Daytonabot]

I wish Tequila Works had a Steam developer page so I could now ignore them.

 

[Trogdor1123]

Not sure why but I thought Sony already owned them

 

[K2D]

Capitalism is not a system of government. Capitalism isn't what's putting people in camps in China but I digress.

China is the very definition of capitalism nowadays.

Capitalism can be good or bad. We owe our way of living to capitalism, even before the west started flagging out industry to cheaper countries.

It's a disservice to our understanding of what capitalism is and the the way we talk about these things.

Globalism and 'unchecked, unregulated capitalism' are the real boogeymen..

 

[Miyazaki’s Slave]

China Gaming console incoming in the future.

You mean the PC...that's already a thing.

Or maybe you mean the Mobile Phone...no wait...already a thing too.

 

[McCarth]

RiME is probably the most underrated game of the last 10 years, so this is a good purchase I guess?

 

[John Wick]

It's weird how Tencent is viewed as a bad guy? Is it because they are Chinese?

 

[OmegaSupreme]

It's weird how Tencent is viewed as a bad guy? Is it because they are Chinese?

Ties to the ccp

 

[SlimeGooGoo]

.

 

[Clear]

Ties to the ccp

Hate to break this to you, but if you want to do business in China you need the blessing of the CCP.

Its not a choice.

 

[CosmicComet]

In boxing terms.

MS Aquisitions: massive hooks and uppercuts with a lot of setup time. (FTC clearance)

Tencent: bunch of short arm punches light in power but heavy in volume so it deceptively adds up over time. (Self explanatory with all their little purchases and stakes in various companies)

Sony: Crisp, visually good looking jabs that overextend and still dont land on their opponent and thus dont do damage. (Overpaying for Bungie and not even getting a single exclusive out of it, whether now or even with future titles).

 

[Daytonabot]

Hate to break this to you, but if you want to do business in China you need the blessing of the CCP.

Its not a choice.

Which is why all these companies dropping ties with Russia but not China are just virtue signalling. They're unwilling to do the hard but right thing.

 

[MiguelItUp]

Rime was brilliant. One of the very best games of last gen.

RiME is probably the most underrated game of the last 10 years, so this is a good purchase I guess?

As someone that helped work on RiME, it makes me so happy to see people still say wonderful things about it. I know it wasn't perfect, but it was by far my favorite project that I worked on while at Sixfoot. A lot of us adored it.

As much as I have a hard time rooting for anything Tencent does, I'm happy for Tequila Works if they're happy. They're great people.