Welcome to our dedicated page for Motorsport Games news (Ticker: MSGM), a resource for investors and traders seeking the latest updates and insights on Motorsport Games stock.
Motorsport Games Inc. (NASDAQ: MSGM) is a leading developer, publisher, and esports ecosystem provider for official motorsport racing series. Headquartered in Miami, Florida, the company was founded in 2018 and has since combined engaging video games with exciting esports competitions and content for racing fans and gamers worldwide.
The core business of Motorsport Games Inc. revolves around the development and publishing of interactive racing video games. It holds licensing agreements for iconic motorsport racing series such as NASCAR and the British Touring Car Championship (BTCC). The company is also an esteemed esports partner for NASCAR, 24 Hours of Le Mans, Formula E, BTCC, and the FIA World Rallycross Championship, among others.
The company's business segments include the development and publishing of video games, entertainment content, and services, and the organization and facilitation of esports tournaments. Motorsport Games Inc. recently announced new features and updates for its flagship game, Le Mans Ultimate, introducing a Radar feature, Replay Suite, and improved race starts. They also plan to release additional 2024 content including new cars and circuits throughout the next 12 months.
In the esports sector, the company recently resolved a licensing dispute with BTCC and signed a new non-exclusive license agreement to reinstate BTCC content in the acclaimed rFactor 2 racing simulation. Moreover, they launched a new platform, RaceControl.gg, in collaboration with Coach Dave Academy, to enhance player engagement with their games.
Despite facing some financial challenges, Motorsport Games continues to focus on expanding its product portfolio and improving its existing offerings. The company remains committed to providing an authentic racing experience for its users and has plans to further innovate and enhance its gaming and esports platforms.
Recent financial results and updates, including strategic plans and partnerships, are available on the company’s investor relations website and through various media channels.
Motorsport Games has expanded its technical partnership with Live Fast Motorsports, enhancing its access to NASCAR's real-life racing environments for game development. This partnership aims to improve the realism of its NASCAR video game franchise by incorporating real-time data from the racing team into NASCAR 21: Ignition and future titles. The collaboration promises to provide players with an authentic driving experience, leveraging insights from professional stock car driving throughout the 2022 racing season.
Motorsport Games will broadcast the finale of the Le Mans Virtual Series on January 15-16, 2022. Major broadcasters like Motor Trend and Eurosport will reach millions globally, featuring a two-day eRacing event with 200 drivers from 39 countries. Coverage includes multiple OTT platforms and social media, promising extensive visibility. The event has a total prize fund of USD 250,000, highlighting its significance in the esports domain.
Motorsport Games (NASDAQ: MSGM) announced that CEO Dmitry Kozko and CFO Jon New will present at the 24th Annual Needham Virtual Growth Conference on January 13, 2022, at 1:15 PM ET. The presentation will be accessible via a live webcast on the Motorsport Games Investor Relations site. Motorsport Games is a leading developer and publisher of racing video games and esports, holding licenses for top motorsport series like NASCAR and INDYCAR. The company focuses on engaging gaming experiences for racing fans across various platforms.
The entry list for the 24 Hours of Le Mans Virtual, organized by Motorsport Games (NASDAQ: MSGM), features a stellar lineup, including Max Verstappen, Alex Palou, and Juan Pablo Montoya, among others. Scheduled for January 15-16, 2022, this online event will merge real-world racers with top esports competitors, showcasing over 200 drivers and competing for championship titles and prize money. Notably, female competitors from the W Series will also participate, enhancing the event's diversity.
Motorsport Games (NASDAQ: MSGM) will participate in a fireside chat at the ICR Virtual Conference 2022 on January 11, 2022, at 2:30 PM ET. CEO Dmitry Kozko and CFO Jon New will discuss the company's future strategies. The event is a key networking opportunity, bringing together executives and investors. A live webcast and replay will be available on their Investor Relations site. Motorsport Games is known for developing engaging racing games and esports competitions for popular motorsport series like NASCAR and INDYCAR.
Le Mans Virtual Series concludes 2021 with the 500 Miles of Sebring on December 18.
The race will start at 8:00 AM EDT, featuring 114 pro and sim race drivers in 38 entries. Key competitors include Team Redline and Floyd ByKolles Burst, closely contesting for LMP championship points. The GTE category sees BMW Team Redline leading by 4.5 points. This event precedes the final round in January 2022, with heightened competition due to double points at stake. Following COVID-19 restrictions, the event will be held online, maintaining safety for all participants.
Motorsport Games (NASDAQ: MSGM) will have CEO Dmitry Kozko and President Stephen Hood participate in a fireside chat at the Canaccord Genuity 2021 Digital Gaming Summit Conference on November 30, 2021, at 1:00 PM ET. The event can be accessed via a live webcast on the Motorsport Games Investor Relations site, with a replay available for one year. Motorsport Games develops and publishes official motorsport video games and esports content, holding licenses for prominent series like NASCAR and INDYCAR. For more information, visit motorsportgames.com.
Motorsport Games has officially launched NASCAR Heat Ultimate Edition+ for Nintendo Switch on November 19, 2021, marking the first NASCAR game on this console. This edition features the 2020 NASCAR season along with the 2021 NASCAR Cup Series cars and customized gameplay options. Players can race on 39 authentic tracks and enjoy various modes such as Career Mode and Online Challenge Mode. CEO Dmitry Kozko expressed excitement over reaching a new audience, while NASCAR's Managing Director highlighted the game’s potential to introduce NASCAR to a broader community.
The 8 Hours of Nürburgring will take place on November 13, 2021, as part of the Le Mans Virtual Series, featuring 114 professional drivers across 38 entries.
This challenging 21 km circuit is known for its complexity, promising an exciting race. The event showcases top race teams, including notable drivers like Jenson Button and Felix Rosenqvist. The live coverage begins at 7:30 AM ET, with full details available through the provided links.
As part of a five-round series, this event has a total prize fund of $250,000 culminating in the prestigious 24 Hours of Le Mans Virtual.
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