Having avoided removal from the American stock exchange at the end of 2022, now Motorsport Games face another potential NASDAQ delisting. Last time the full Board of Directors resigned, but the company was able to regain compliance by a reverse share split, combining them into a smaller number to raise prices above the minimum level required Now they've received another … [Read more...]
Embracer Group Increase Sales and Reduce Debts After Cuts
Alongside news of layoffs at both Motorsport Games and Digital Bros, there's some evidence how restructuring can help a company improve their finances, as Embracer Group increase sales and reduce debts after cuts in 2023. But they've also confirmed further headcount reductions are in process. Embracer is the parent for 12 different operating groups, including THQ Nordic, … [Read more...]
A Digital Bros Restructure Could Impact Kunos Simulazioni
With an organisational review likely to reduce their overall workfore by around 30%, a Digital Bros restructure could impact Kunos Simulazioni, developers of Assetto Corsa and Assetto Corsa Competizione. Digital Bros was founded in 1989 by Abramo and Raffaele Galante, and includes international gaming publisher 505 Games. It has also acquired studios including Kunos … [Read more...]
IndyCar Also Terminate Their Motorsport Games License
Another racing series will be looking for a new home, as following the loss of the rights for BTCC, now IndyCar also terminate their Motorsport Games license. Not forgetting the sale of the NASCAR license to iRacing. As reported in a new SEC filing, the notice is similar to the one filed by the BTCC rights holders, BARC (TOCA) Ltd, and reveals: INDYCAR LLC stated that its … [Read more...]
MotorSport Games Move Le Mans Ultimate to 2024 And Cancel INDYCAR
The third quarter 2023 was terms one of business transformation by CEO Stephen Hood as Motorsport Games move Le Mans Ultimate to 2024 and cancel INDYCAR. As the official game for both the FIA World Endurance Championship and the 24 Hours of Le Mans, it's being developed by Studio 397 for PC only at first, and was originally planned to launch in December 2023. That's now been … [Read more...]
Motorsport Games Cuts Staff And Loses The BTCC License
It's not been the best week for the troubled developer and publisher, as Motorsport Games cuts staff and loses the BTCC license. While reducing the headcount may be a reasonable decision for CEO Stephen Hood to lower costs and try to turn the business around, rights holder TOCA has removed the rights to the British Touring Car Championship video game due to 'ongoing … [Read more...]
Rennsport Attempt To Clear The rFactor 2 Code Controversy
A licensing deal with Image Space Inc has been revealed as Rennsport attempt to clear the rFactor 2 code controversy, which blew up after a Studio 397 forum post suggested the sim racing title was using files from the existing game. The possibility that Rennsport was using unlicensed or stolen code obviously caught the attention of a lot of sim racing fans. And early … [Read more...]
Motorsport Games Sell Their NASCAR License To iRacing
There's some potentially great news for fans of the sport, as Motorsport Games sell their NASCAR license to iRacing. It covers "NASCAR themed simulation-style console games". And that announcement was swiftly followed by iRacing revealing plans for a game in 2025, with the Xbox, PlayStation and Nintendo Switch logos accompanied by the Steam icon, suggesting it might also be … [Read more...]
Dmitry Kozko Resigns From The Motorsport Games Board
It's a significant change at the company, as Dmitry Kozko resigns from the Motorsport Games Board of Directors. The news was revealed in an SEC filing, rather than in any formal announcement, and follows both the Q2 2023 financial results and earnings call, and recent court cases in Russia over unpaid wages (as reported by Insider Gaming). The filing states: "On September … [Read more...]
Trading Paints User Data Leaked
If you're one of the may people using the third party app to run custom liveries on iRacing, make sure you update your password, with Trading Paints user data leaked and for sale online. Around 270,000 accounts are impacted, and the breach has since been officially confirmed. The issue was first shared by @Musantro on X (formerly Twitter), who linked to a forum displaying … [Read more...]
Gran Turismo Movie Cars To Go Up For Auction
If you have deep pockets, then you might want to invest in two iconic vehicles from the race track and silver screen, with two Gran Turismo movie cars to go up for auction. Both have been raced by Nissan GT Academy winner Jann Mardenborough, with his story being the basis of the Gran Turismo film. And the cars also appear in the movie, currently in cinemas starring Archie … [Read more...]
Reiza Studios and Straight4 Confirm A Strategic Partnership
Some intriguing news has been announced as Reiza Studios and Straight4 confirm a strategic partnership. It's not a particular surprise, as Straight4 Studios founder Ian Bell shared photos on social media from a meeting with Renato Simioni, Studio Head and Project Manager at Reiza, at the start of the year. And the two share a history, as Ian Bell was formerly CEO and founder … [Read more...]
Finnish Game Awards for PAKO Highway
If you're looking to try a new mobile racing title, then the Finnish Game Awards for PAKO Highway might serve as a recommendation. The latest title from Helsink-based indie developers Tree Men Games captured both the Game of the Year 2022 and Mobile Game of the Year 2022. The trio behind the company met at university and founded Tree Men Games in 2013, releasing PAKO - Car … [Read more...]
Gran Turismo Movie Trailer and Release Date Revealed
Racing games hit the cinema screen this summer with the Grand Turismo movie trailer and release date revealed by Sony Pictures. Based on the true story of GT Academy winner Jann Mardenborough, the film will come to movie theatres on August 11th, 2023. With a cast including David Harbour, Orlando Bloom, Archie Medekwe and Geri Halliwell-Horner, it isn't a documentary-style … [Read more...]
Licensed IndyCar Game Is Now Delayed Until 2024
After using their contract to prevent other sim racing platforms and streamers referring to the championship, it's now been revealed by Motorsport Games that their licensed IndyCar game is now delayed until 2024. An agreement between the Indcay Series and Motorsport Games was originally announced in July 2021 with a planned release in 2023 for Xbox and PlayStation consoles … [Read more...]