iRacing Acquires NASCAR Team Properties' Exclusive Simulation-Style Console Racing Game License
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Thursday, October 5, 2023
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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.