Motorsport

Motorsport Games Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023

As of October 31, 2023, the Company’s cash and cash equivalents has increased to $3.2 million, primarily due to the sale of its NASCAR license as previously announced on October 3, 2023.

Key Points: 
  • As of October 31, 2023, the Company’s cash and cash equivalents has increased to $3.2 million, primarily due to the sale of its NASCAR license as previously announced on October 3, 2023.
  • Adjusted EBITDA (the “Non-GAAP Measure”) is not a financial measure defined by U.S. generally accepted accounting principles (“U.S.
  • ET today, November 7, 2023, to discuss its financial results.
  • Alternatively, participants may access the live webcast on the Motorsport Games Investor Relations website at https://ir.motorsportgames.com under “Events.”

Foresight Research: Motorsports – It’s Bigger than you Think

Retrieved on: 
Tuesday, November 7, 2023

“The reach of motorsports is impressive – more than one third of all new vehicle buyers watched or attended races” noted Steve Bruyn CEO of Foresight Research.

Key Points: 
  • “The reach of motorsports is impressive – more than one third of all new vehicle buyers watched or attended races” noted Steve Bruyn CEO of Foresight Research.
  • This year Foresight Research focused on top sanctioning bodies, electric vehicle racing, selling new vehicles and ROI.
  • The 2023 Motorsports Immersion Report™ is one of many syndicated reports and custom analyses generated from the annual CHIPS database.
  • CHIPS reports on 16 marketing channels but concentrates on: public relations, sponsored events, motorsports, auto shows, as well as automotive accessories.

Exclusive Simulation-Style NASCAR® Video Game License Sold to iRacing

Retrieved on: 
Thursday, October 5, 2023

The sale and transfer, approved by NTP, will see the license transfer from 704Games LLC (“704Games”), a wholly-owned subsidiary of Motorsport Games, to iRacing.com Motorsport Simulations, LLC (“iRacing”) who will begin developing the next NASCAR console game.

Key Points: 
  • The sale and transfer, approved by NTP, will see the license transfer from 704Games LLC (“704Games”), a wholly-owned subsidiary of Motorsport Games, to iRacing.com Motorsport Simulations, LLC (“iRacing”) who will begin developing the next NASCAR console game.
  • We believe that this is a continued shift toward quality,” said Stephen Hood, Chief Executive Officer at Motorsport Games.
  • “This sale to iRacing, a preferred NASCAR partner, is expected to be beneficial to all parties.
  • Stephen Hood added, “We believe that the sale of the NASCAR license is a significant accelerator to a planned change of direction.

PUMA Celebrates the Anniversary of Tommie Smith's Iconic Gesture at the 1968 Olympics

Retrieved on: 
Monday, October 16, 2023

Global sports company PUMA celebrates 55 years since the iconic Silent Gesture made by Tommie Smith at the 1968 Olympics on October 16th.

Key Points: 
  • Global sports company PUMA celebrates 55 years since the iconic Silent Gesture made by Tommie Smith at the 1968 Olympics on October 16th.
  • (Photo: Business Wire)
    In 1968, at the Mexico City Olympics, American sprinter Tommie Smith made history with his Silent Gesture.
  • Smith's Silent Gesture remains a symbol of athlete activism and an enduring statement against social inequality.
  • These discussions touch upon Tommie Smith’s history with PUMA, being an icon and inspiration for others, as well as their future aspirations.

HITACHI-SPONSORED TEAM PENSKE CHEVROLET A 2023 INDYCAR LEADER

Retrieved on: 
Thursday, October 5, 2023

The 2023 season was Hitachi's 12th year of partnership with Team Penske.

Key Points: 
  • The 2023 season was Hitachi's 12th year of partnership with Team Penske.
  • Hitachi Astemo also supplies fuel-system components for all 2.2-liter twin-turbocharged Chevrolet race engines in the INDYCAR SERIES, helping Chevrolet win the 2023 NTT INDYCAR SERIES Manufacturing Championship.
  • Chevrolet clinched the Manufacturers Championship for the second year in a row, to earn its eighth championship since returning to INDYCAR competition in 2012.
  • "We have built a strong relationship with Hitachi and Team Penske over the years," said Jim Campbell, General Motors U.S. vice president Performance and Motorsports.

iRacing Acquires NASCAR Team Properties' Exclusive Simulation-Style Console Racing Game License

Retrieved on: 
Thursday, October 5, 2023

DAYTONA BEACH, Fla., Oct. 5, 2023 /PRNewswire/ -- NASCAR®, iRacing and Motorsport Games Inc. (NASDAQ: MSGM) ("Motorsport Games") announced today that iRacing has acquired NASCAR Team Properties' (NTP) exclusive simulation-style console racing games license from Motorsport Games. The sale, approved by NTP, will see the license transfer from 704Games, a wholly owned subsidiary of Motorsport Games, to iRacing, which will begin developing a NASCAR console game expected in 2025.

Key Points: 
  • DAYTONA BEACH, Fla., Oct. 5, 2023 /PRNewswire/ -- NASCAR®, iRacing and Motorsport Games Inc. (NASDAQ: MSGM) ("Motorsport Games") announced today that iRacing has acquired NASCAR Team Properties' (NTP) exclusive simulation-style console racing games license from Motorsport Games.
  • The sale, approved by NTP, will see the license transfer from 704Games, a wholly owned subsidiary of Motorsport Games, to iRacing, which will begin developing a NASCAR console game expected in 2025.
  • "When we were approached with the option to acquire the license for the simulation-style NASCAR console game, which was the console game and franchise that we were dreaming about doing, it was an opportunity we couldn't pass up," said iRacing President Tony Gardner.
  • "Having the ability to build a NASCAR console game is a privilege we promise to execute with the utmost care.

PUMA Called Ambassadors From All Around the World to Form “Class of 23”

Retrieved on: 
Sunday, October 1, 2023

Global sports company PUMA launches a beanies campaign, “Class of 23”, to unite ambassadors from across the globe to represent of the close-knit PUMA family.

Key Points: 
  • Global sports company PUMA launches a beanies campaign, “Class of 23”, to unite ambassadors from across the globe to represent of the close-knit PUMA family.
  • View the full release here: https://www.businesswire.com/news/home/20231001418878/en/
    Global sports company PUMA launches a beanies campaign, “Class of 23”, to unite ambassadors from across the globe to represent of the close-knit PUMA family.
  • (Photo: Business Wire)
    2023 means a long journey for PUMA, which was made with the remarkable people behind it.
  • ​“Class of 23” is the right way to celebrate the inspiring ambassadors and talents PUMA has collaborated with over the past 75 years.

PUMA’s World-Class Ambassadors Celebrate 75 Years of Sports History

Retrieved on: 
Friday, September 29, 2023

Sports company PUMA and several of its world-class ambassadors shared some of their most memorable moments of sports history of the past 75 years to celebrate the company’s anniversary as the fastest sports brand in the world.

Key Points: 
  • Sports company PUMA and several of its world-class ambassadors shared some of their most memorable moments of sports history of the past 75 years to celebrate the company’s anniversary as the fastest sports brand in the world.
  • View the full release here: https://www.businesswire.com/news/home/20230929516886/en/
    Sports company PUMA and several of its world-class ambassadors shared some of their most memorable moments of sports history of the past 75 years to celebrate the company’s anniversary as the fastest sports brand in the world.
  • Merlene Ottey also started her career at a young age but competed on an international level well into her 50s.
  • For 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes.

EQS-News: SPORTTOTAL extends long-term contract for marketing the 24h-Race at the Nürburgring and presents new title sponsor

Retrieved on: 
Thursday, September 28, 2023

Cologne, Germany, 28 September 2023 – SPORTTOTAL LIVE GmbH, a 100% subsidiary of SPORTTOTAL AG, has prematurely extended its mandate for marketing the ADAC 24h-Race at the Nürburgring.

Key Points: 
  • Cologne, Germany, 28 September 2023 – SPORTTOTAL LIVE GmbH, a 100% subsidiary of SPORTTOTAL AG, has prematurely extended its mandate for marketing the ADAC 24h-Race at the Nürburgring.
  • SPORTTOTAL LIVE has thus secured one of the world's best-known endurance races for the long term.
  • SPORTTOTAL LIVE will continue to make a significant contribution to the sales and earnings of the SPORTTOTAL Group.
  • In the course of the contract extension with the ADAC Nordrhein e.V., SPORTTOTAL LIVE has also succeeded in acquiring a new title sponsor for the race, the lubricant manufacturer RAVENOL.

PUMA Welcomes Indian Sustainable Fashion Advocate Aishwarya Sharma To Its Voices Of A RE:GENERATION Initiative

Retrieved on: 
Tuesday, September 26, 2023

Global sports company PUMA has expanded the regional reach of its Voices of a RE:GENERATION initiative beyond Europe and the US and added Indian sustainable fashion advocate Aishwarya Sharma to the project.

Key Points: 
  • Global sports company PUMA has expanded the regional reach of its Voices of a RE:GENERATION initiative beyond Europe and the US and added Indian sustainable fashion advocate Aishwarya Sharma to the project.
  • View the full release here: https://www.businesswire.com/news/home/20230926490236/en/
    Global sports company PUMA has expanded the regional reach of its Voices of a RE:GENERATION initiative beyond Europe and the US and added Indian sustainable fashion advocate Aishwarya Sharma to the project.
  • Aishwarya Sharma joins PUMA’s Voices of a RE:GENERATION initiative this September and will explore the opportunities and challenges faced by the brand in the area of sustainability, whilst making recommendations for actionable change.
  • For 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes.