NASCAR Rivals

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

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Thursday, October 5, 2023
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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.

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

Retrieved on: 
Thursday, October 5, 2023
ENASCAR Coca-Cola iRacing Series, IP, NASCAR Heat 5, COVID-19, Chicago Street Race, Engineering, Acquisition, Nextgen, Motorsport Games, Fortnite, Discord, Motorsport, 2023 NASCAR Cup Series, NTP, ENASCAR iRacing Pro Invitational Series, NASCAR Rivals, Sale, Video game, Roblox, Rocket League, Colosseum, NASCAR, IRacing

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.