Motorsport Games Inc. (NASDAQ: MSGM) (the “Company” or “Motorsport
Games”), a leading racing game developer, publisher, and esports
ecosystem provider of official motorsport racing series throughout
the world, is pleased to announce the amicable resolution of its
previous licensing dispute with the British Touring Car
Championship (BTCC). Both parties have also signed a new
non-exclusive license agreement, effective immediately, that
reinstates BTCC content in the highly acclaimed rFactor 2 racing
simulation until the end of 2026 - renewing the partnership and
mutual commitment to deliver exceptional BTCC virtual racing
experiences to fans worldwide.
Stephen Hood, CEO of Motorsport Games, expressed
his enthusiasm regarding the recent agreement: “We are delighted to
have reached an agreement with the British Touring Car Championship
(BTCC), resolving our dispute while simultaneously establishing a
new licensing agreement. This collaboration not only enables us to
enhance our current offerings with BTCC content in rFactor 2 but
also lays the foundations for an exciting future collaboration. I
have long held the BTCC in high regard and introducing the first
fully-fledged experience of this incredible racing series to sim
racer’s homes through rFactor 2 was a standout moment. We
anticipate a strong relationship with the BTCC in the years
ahead.”
BTCC Chief Executive, Alan Gow, said: “The BTCC
content within rFactor 2 was incredibly well received by our fans
and the sim racing fraternity - so this new agreement provides for
our BTCC content to continue to be updated and rolled out through
to the end of 2026. I’ve no doubt this news will be very welcomed
by sim racers everywhere.”
Current content included in rFactor 2 from the
British Touring Car Championship comprises of eight cars, including
fan favorites such as the BMW 330e M Sport and the Ford Focus as
well as incredible British race tracks such as Brands Hatch,
Donington Park and Thruxton.
For further information on rFactor 2 visit www.studio-397.com or
the game’s social media channels @rFactor2. You can purchase
rFactor 2 through the Steam store page and BTCC content in the
game’s item store both from Steam and inside the game.
About Motorsport Games:
Motorsport Games, a Driven Lifestyle Group
company, is a racing game developer, publisher and esports
ecosystem provider of official motorsport racing series. Combining
innovative and engaging video games with exciting esports
competitions and content for racing fans and gamers, Motorsport
Games strives to make racing games that are authentically close to
reality. The Company is the officially licensed video game
developer and publisher for iconic motorsport racing series
including the 24 Hours of Le Mans and the FIA World Endurance
Championship, recently releasing Le Mans Ultimate in Early Access.
Motorsport Games also owns the industry leading rFactor 2 and
KartKraft simulation platforms. rFactor 2 also serves as the
official sim racing platform of Formula E, while also powering F1
Arcade through a partnership with Kindred Concepts. Motorsport
Games is also an award-winning esports partner of choice for the 24
Hours of Le Mans, creating the renowned Le Mans Virtual Series.
Motorsport Games is building a virtual racing ecosystem where each
product drives excitement, every esports event is an adventure, and
every race inspires.
For more information about Motorsport Games
visit: www.motorsportgames.com.
Forward-Looking Statements
Certain statements in this press release which
are not historical facts are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and are provided pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Any statements in
this press release that are not statements of historical fact may
be deemed forward-looking statements. Words such as “continue,”
“will,” “may,” “could,” “should,” “expect,” “expected,” “plans,”
“intend,” “anticipate,” “believe,” “estimate,” “predict,”
“potential,” and similar expressions are intended to identify such
forward-looking statements.
These forward-looking statements include, but
are not limited to, statements concerning the expected British
Touring Car Championship (BTCC) content’s attributes, performance,
benefits and features, including, without limitation, the benefits
and positive attributes of playing BTCC content on rFactor 2 racing
simulation. All forward-looking statements involve significant
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements, many of which are generally outside the control of
Motorsport Games and are difficult to predict. Examples of such
risks and uncertainties include, without limitation: difficulties,
delays in or unanticipated events that may impact the timing and
expected benefits of the BTCC content, whether the reveal of BTCC
content will be well received and/or successful, whether the final
product will meet the expectations of the fans, users and
spectators, whether the BTCC content will work well on rFactor 2,
whether being able to drive the cars and circuits included in
rFactor 2 from the BTCC, including its cars and the British race
tracks such as Brands Hatch, Donington Park and Thruxton will be
available to motorsport fans and gamers around the world and if
such experience will meet the fans’ and games’ expectations,
whether motorsport fans and gamers will perceive the cars and/or
tracks realistic, whether the BTCC content will be available until
the end of 2026, whether Motorsport Games and BTCC will collaborate
beyond the current term, whether the BTCC content on rFactor 2 will
be a fully-fledged experience or a standout moment, and whether the
game development will be a collaborative process, and whether
Motorsport Games will have strong relationship with the BTCC in the
years ahead. Factors other than those referred to above could also
cause Motorsport Games’ results to differ materially from expected
results.
Additional factors that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements can be found in Motorsport Games’
filings with the Securities and Exchange Commission (the “SEC”),
including its Annual Report on Form 10-K for the fiscal year ended
December 31, 2023, as well as in its subsequent filings with the
SEC. Motorsport Games anticipates that subsequent events and
developments may cause its plans, intentions and expectations to
change. Motorsport Games assumes no obligation, and it specifically
disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by law.
Forward-looking statements speak only as of the date they are made
and should not be relied upon as representing Motorsport Games’
plans and expectations as of any subsequent date. Additionally, the
business and financial materials and any other statement or
disclosure on, or made available through, Motorsport Games’ website
or other websites referenced or linked to this press release shall
not be incorporated by reference into this press release.
Website and Social Media
Disclosure
Investors and others should note that we announce material
financial information to our investors using our investor relations
website (ir.motorsportgames.com), SEC filings, press releases,
public conference calls and webcasts. We use these channels, as
well as social media and blogs, to communicate with our investors
and the public about our company and our products. It is possible
that the information we post on our websites, social media and
blogs could be deemed to be material information. Therefore, we
encourage investors, the media and others interested in our company
to review the information we post on the websites, social media
channels and blogs, including the following (which list we will
update from time to time on our investor relations website):
Websites |
Social Media |
motorsportgames.com |
Twitter: @msportgames |
|
Instagram: msportgames |
|
Facebook: Motorsport Games |
|
LinkedIn: Motorsport Games |
The contents of these websites and social media
channels are not part of, nor will they be incorporated by
reference into, this press release.
Contacts:
Investors:Investors@motorsportgames.com
Media:PR@motorsportgames.com
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