After a turbulent time for the sim racing hardware manufacturer, which included dismissing founder Thomas Jackermeier from his position leading the business, parent company Endor AG and Fanatec appoint Andres Ruff as new chairman and CEO. The news was revealed in a statement shared via social media, as the current CRO takes the new position with immediate effect. And he … [Read more...]
General sim racing news and reports on the industry, covering games studios, industry moves, and anything not directly related to a specific game title or product
Embracer Group Will Split Into 3 Separate Companies
After recently selling Saber Interactive, the home of SnowRunner and MudRunner, to the new Beacon Interactive company, there's another big resutructuring as Embracer Group will split into 3 seperate companies. This will mean a trio of standalone publicly listed entities, with two of them including the racing game developers currently within the Embracer portfolio. Going … [Read more...]
Motorsport Games And BTCC Agree A New License Deal
After their original license agreement was terminated back in November 2023 due to 'ongoing fundamental breaches', Motorsport Games and BTCC agree a new license deal, covering rFactor 2 content until the end of 2026. Having found an amicable resolution to their issues, both parties have signed a new non-exclusive license agreement, which means British touring car content … [Read more...]
Fanatec Have Dismissed CEO Thomas Jackermeier
After a period beset with supply chain issues, licensing delays and getting equipment delivered to customers, Fanatec have dismissed CEO Thomas Jackermeier. Jakermeier began the business back in 1997, with the first wheel released in 1998, and parent company Endor AG named after the planet in Return of the Jedi. He also holds around 50% of the shares in Endor after the … [Read more...]
Embracer Group Confirms The Sale Of Saber Interactive
Early reports have proven true as Embracer Group confirms the sale of Saber Interactive to Beacon Interactive, a new company led by director and Saber co-founder Matthew Karch. Karch stepped down as Saber CEO in the summer of 2023 (He's still listed as President on LinkedIn, and remains a large shareholder in Embracer Group). Which makes the sale more intriguing than simply … [Read more...]
Is Saber Interactive Being Sold By Embracer Group?
Originally reported by Bloomberg, is Saber Interactive being sold by Embracer Group? The American developer and publisher is home to various racing and driving games, including the MudRunner and SnowRunner titles (with Expeditions: A MudRunner Game released this week), and Dakar Desert Rally, along with previous titles including MX Nitro Unleashed, Road Redemption and the … [Read more...]
Motorsport Games Granted An Extension By Nasdaq
The publisher of Le Mans Ultimate and rFactor 2 will remain on the American stock exchange for at least a while longer, with Motorsport Games granted an extension by Nasdaq. The second potential delisting in two years was noted in an SEC filing in November 2023, with a deadline of January 2nd for a plan to regain compliance, and a further 180 days to put it into action. Now … [Read more...]
Grid Finder Has Been Acquired By RAFA Racing Club
Sim racing league and community platform Grid Finder has been acquired by RAFA Racing Club for an undisclosed amount reportedly in seven-figures. Launched by Tom Stapley-Bunten in 2020 to help racers find leagues across titles including Assetto Corsa, Assetto Corsa Competizione, Gran Turismo, Forza Motorsport and more, the Newcastle business cofounded by CTO Nikhil Patel and … [Read more...]
Youtuber Ross Scott Plans A Lawsuit Over The Crew Closure
With the game delisted in December 2023 and the servers shutting down on March 31st 2024, Youtuber Ross Scott plans a lawsuit over The Crew closure. Known for the Half-Life machinima series Freeman's Mind on his Accursed Farms Youtube channel, Scott is looking to bring a class-action lawsuit against Ubisoft as The Crew is only playable online. Originally released in 2014, it … [Read more...]
Aristotelis Vasilakos Leaves Kunos Simulazioni
One of the prominent members of the team behind Assetto Corsa and Assetto Corsa Competizione, Aristotelis Vasilakos leaves Kunos Simulazioni, annoucning his departure in a Youtube video. The former Head of Vehicle and Handling R&D has been involved with the company for 15 years, and is well known throughout the sim racing community for many years. Along with streaming … [Read more...]
EA Confirms Redundancies At Codemasters
There's more news of job losses in the racing game industry as EA confirms redundancies at Codemasters. In a statement to IGN, it was referred to as 'small-scale organizational changes', and the number of staff impacted hasn't been revealed. The British developer was founded back in 1986, developing racing titles including the Colin McRae and Dirt series, the official F1 … [Read more...]
Motorsport Games Face Another Potential NASDAQ Delisting
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 workforce 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...]