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Motorsport Games
Company typePublic
Nasdaq: MSGM
IndustryVideo games
Founded2018; 6 years ago (2018)
Miami, Florida, U.S.
Area served
Worldwide
RevenueUS$15,075,530 (2021) [1]
US$−33,161,991 (2021)
Total assetsUS$50,703,203 (2021)
Number of employees
189 (2021)
Websitemotorsportgames.com

Motorsport Games is an American video game developer, publisher and esports event organizer based in Miami, Florida.[2]

History

Motorsport Games was founded in 2018 and on August 14, 2018, Motorsport Games acquired 53.5% equity interest in 704Games,[3] as a result, Motorsport Games became the official developer and publisher of the NASCAR video game racing franchise.[4][5] In the same month, Motorsport Games collaborated with Automobile Club de l'Ouest (ACO) to launch the Le Mans esports series competition.[6]

In September 2019, Motorsport Games released the NASCAR Heat 4 game. In May 2020, 704 Games replaced Monster Games as developer for NASCAR Heat 5,[7] which was released on July 10, 2020.[8][9]

In March 2021 the company announced that it was acquiring Studio 397 and its rFactor 2 sim racing platform. In March 2022 it was announced that rFactor2 had been appointed the official sim racing platform of the all-electric FIA Formula E championship.[10]

In August 2021 Motorsport Games announced that former President of EA Sports and former CEO of Liverpool Football Club Peter Moore had joined the Board.[11]

2020 esports events

In 2020, during the COVID-19 Pandemic Motorsport Games produced several official esports events for NASCAR,[12] 24 Hours of Le Mans,[13] FIA Formula E World Championship and FIA World Rallycross Championship,[14][15][16] eNASCAR Heat Pro League[17][18] and Virtual Race of Champions.[19]

In March 2020, Motorsport Games collaborated with Codemasters and Monster Energy, the sponsor of the FIA World Rallycross Championship, to create the World RX Esports Invitational which was held in April 2020.[20]

In June 2020, Motorsport Games, the Automobile Club de l'Ouest and the FIA World Endurance Championship organized the 24 Hours of Le Mans Virtual race on the rFactor 2 gaming platform as a placeholder for the 2020 24 Hours of Le Mans which has been postponed from June to September 2020 as a result of the impact of the COVID-19 pandemic in France.[21][22][23] It was watched by 14.2 million television viewers and reached 8.6 million views,[24][25] and was the recipient of several awards such as Autosport Pioneering and Engineering Award at the Autosport Awards.[26]

IPO and 2021 acquisitions

Motorsport Games completed its Initial public offering (IPO) in January 2021, ended up raising $69 million which was used for acquiring the remaining equity interest of 704 Games,[27][28] and for acquiring KartKraft and Studio 397.[29][30][31]

In February 2021, Motorsport Games announced that it has entered into an agreement to acquire game assets and code of PC kart racing simulator, KartKraft from Black Delta for an undisclosed amount with an aim to form a new studio called Motorsport Games Australia where the development of KartKraft will continue,[32][33][34][35] and completed the deal in March 2021.[36] On March 3, 2021, Motorsport entered into an agreement with Luminis International to acquire Studio 397 the developer of rFactor 2 which was completed two months later.[37][38][39]

In July 2021, Motorsport Games announced that it will combine the Unreal graphics engine and the rFactor physics technology for developing NASCAR 21: Ignition which was released on October 26, 2021.[40][41][42][43] The combination of the rFactor and Unreal engines will also be used for all the upcoming titles produced by Motorsport Games,[41] like the British Touring Car Championship game due in 2022. In the same month, Motorsport Games entered into a license with IndyCar to develop both IndyCar video game series, with a planned launch date in 2023, and events.[44] Also in June 2021, Motorsport Games announced the development of a dedicated videogame for the 24 hours of Le Mans, due in 2023.[45][24]

Games

References

  1. ^ "2021 Annual Report".
  2. ^ "Nascar Video-Game Maker Motorsport Sued by Investors Before IPO". Bloomberg.com. 2021-01-11. Retrieved 2021-10-20.
  3. ^ "Motorsport Games acquire 53.5% equity interest in 704 Games". www.sec.gov. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  4. ^ Perishable (2018-08-22). "704GAMES ANNOUNCES NEW INVESTMENT FROM MOTORSPORT NETWORK". NASCAR Heat. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  5. ^ Wolkin, Joseph. "Motorsport Games Announces Launch Date For A Rebranded Nascar Video Game". Forbes. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  6. ^ Robinson, Martin (2018-08-20). "Le Mans esports series announced as motorsport gets serious about gaming". Eurogamer. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  7. ^ Kato, Matthew (May 6, 2020). "NASCAR Heat 5 Makes Pit Road Adjustments". GameInformer.{{cite web}}: CS1 maint: url-status (link)
  8. ^ Kato, Matthew (May 6, 2020). "What's In Store For The Future Of NASCAR Heat". GameInformer.{{cite web}}: CS1 maint: url-status (link)
  9. ^ "NASCAR Heat 5 set to launch two editions in July". www.motorsport.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  10. ^ Reilly, Luke (29 March 2022). "Formula E Expands Partnership with Motorsport Games, rFactor 2". IGN.
  11. ^ "Game industry veteran Peter Moore joins Motorsport Games board of directors". Sports Business Journal.
  12. ^ Robinson, Martin (2020-06-12). "How the world's greatest motor race is coming to video games this weekend". Eurogamer. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  13. ^ "What next for 24 Hours of Le Mans Virtual?". www.autosport.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  14. ^ "What next for 24 Hours of Le Mans Virtual?". www.motorsport.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  15. ^ "Sim Racing Experts Discuss: COVID-19 Boost and the Esports Niche's Future – ARCHIVE - The Esports Observer". 2020-07-27. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  16. ^ "Motorsport UK launches new Karting Esports series with Motorsport Games". www.autosport.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  17. ^ "Motorsport Games announces new Winter Heat Series". www.autosport.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  18. ^ "Motorsport Games welcomes Gérard Neveu as Motorsports Advisor". www.autosport.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  19. ^ "Watch Live: Virtual Race of Champions". www.autosport.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  20. ^ "World RX to launch Esports series with Motorsport Games, Codemasters". www.autosport.com. Retrieved 2021-10-01.
  21. ^ Rehman, Mohammed (2020-06-20). "Why the 24 Hours of Le Mans Virtual was a success". Last Lap. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  22. ^ "Virtual 24 Hours of Le Mans event launched". SportBusiness. 2020-05-18. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  23. ^ "24 Hours of Le Mans Virtual - Who's driving, how can I watch and more". www.autosport.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  24. ^ a b Bradley, Charles (21 July 2021). "What next for 24 Hours of Le Mans Virtual?". Motorsport.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  25. ^ Lloyd, Daniel (19 June 2020). "Virtual 24H Le Mans Viewing Figures Revealed". SportsCar365. Archived from the original on 31 December 2020. Retrieved 2021-10-20.
  26. ^ "24 Hours of Le Mans Virtual wins Autosport's Pioneering and Innovation Award". Autosport. 12 December 2020. Archived from the original on 31 December 2020. Retrieved 31 December 2020.
  27. ^ "Motorsport Games to Acquire All Remaining Shares of 704Games – ARCHIVE - The Esports Observer". 2021-03-15. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  28. ^ "Motorsport Games". www.canaccordgenuity.com. Retrieved 2021-10-20.
  29. ^ "Update: Motorsport Games Looks to Raise Around $60M Going Public on the Nasdaq – ARCHIVE - The Esports Observer". 2021-01-11. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  30. ^ "Motorsports Games upsizes IPO to raise up to $60 million, as expected pricing also increases". www.msn.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  31. ^ MarketScreener. "Motorsport Games Inc. entered a binding term sheet to acquire Digital Tales USA, LLC from EleDa s.r.l. for $2.2 million. | MarketScreener". www.marketscreener.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  32. ^ "Motorsport Games announces expansion into karting with KartKraft". www.autosport.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  33. ^ "Motorsport Games announces expansion into karting with KartKraft". MSN.
  34. ^ Motosport Snaps Up KartKraft; Street Sees 41% Upside, at nasdaq.com, Feb 21, 2021
  35. ^ "Motorsport Games vs. Activision Blizzard: Which E-Sports Company is a Better Buy?". Entrepreneur. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  36. ^ Harrison-Lord, Thomas (2021-03-23). "KartKraft takeover by Motorsport Games now complete". Traxion. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  37. ^ "Motorsport Games acquires racing simulation tech firm Studio397". GamesIndustry.biz. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  38. ^ Tobias Seck Motorsport Games to Acquire rFactor 2 Developer Studio397 in a $16M Deal, at esportsobserver.com, March 3, 2021
  39. ^ Robinson, Martin (2021-03-03). "Motorsport Games moves to acquire rFactor 2". Eurogamer. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  40. ^ Good, Owen S. (2021-08-26). "NASCAR's newest game pretties up with Unreal Engine 4". Polygon. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  41. ^ a b Reilly, Luke, Motorsport Games Confirms NASCAR 21; New Engine, New Physics - IGN, retrieved 2021-10-20
  42. ^ "NASCAR comes back to console video games, with the Unreal Engine". Polygon. 2021-08-11. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  43. ^ Newby, John (2021-09-02). "Motorsport Games Highlights Track-Building Process in Latest Dev Diary". Heavy.com. Retrieved 2021-10-20.{{cite web}}: CS1 maint: url-status (link)
  44. ^ Motorsport Games Partners with IndyCar, Official Game Planned for 2023 - IGN, retrieved 2021-10-20
  45. ^ All-New Le Mans Game drops in 2023, at overtake.gg, Sept. 1st, 2021

External links

Template:Sim racing

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