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Motorsport Games

Indycar moving away from Motorsport Games
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All things related to the NTT INDYCAR SERIES — the premier open-wheel racing series in the United States — the Indianapolis 500 (Indy 500), INDY NXT, and the USF Pro Championships — featuring USF Pro 2000, USF2000, and USF Juniors.


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Indycar moving away from Motorsport Games
r/INDYCAR - Indycar moving away from Motorsport Games



Motorsport Games Employee Threatens to Leak Source Code of Four Games
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The goal of /r/Games is to provide a place for informative and interesting gaming content and discussions. Submissions should be for the purpose of informing or initiating a discussion, not just with the goal of entertaining viewers. Memes, comics, funny screenshots, arts-and-crafts, etc. will be removed.


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Assetto Corsa Competizione Replaces Gran Turismo at FIA Motorsport Games
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Assetto Corsa Competizione, the official GT World Challenge videogame. Thanks to the extraordinary quality of simulation, you will experience the atmosphere of the GT3 championship. Compete against official drivers, teams, cars and official circuits reproduced to the highest quality ever seen..


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IndyCar Secures Game Assets Following Settlement With Motorsport Games
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r/INDYCAR
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All things related to the NTT INDYCAR SERIES — the premier open-wheel racing series in the United States — the Indianapolis 500 (Indy 500), INDY NXT, and the USF Pro Championships — featuring USF Pro 2000, USF2000, and USF Juniors.


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[Mike Straw on X] The entirety of the IndyCar dev team has been laid off at Motorsport Games.
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r/INDYCAR
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All things related to the NTT INDYCAR SERIES — the premier open-wheel racing series in the United States — the Indianapolis 500 (Indy 500), INDY NXT, and the USF Pro Championships — featuring USF Pro 2000, USF2000, and USF Juniors.


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[Mike Straw on X] The entirety of the IndyCar dev team has been laid off at Motorsport Games.

In an update to my story on the IndyCar game: the entirety of the IndyCar dev team has been laid off at Motorsport Games.

We should know more about the game later today, but it's increasingly likely it's dead unless it's sold off.

https://x.com/mikestrawmedia/status/1721897657235562622?s=46


40% of staff face layoffs at Motorsport Games amid company turmoil
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Motorsport Games... not looking so good.
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The home of the simracing community on Reddit. Join our new [Discord](https://discord.gg/Ub5XsCgWY3)


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Motorsport Games... not looking so good.

Motorsports Games (NASCAR Ignition 21, rFactor 2, KartKraft, etc) is a publically traded company, therefore they're required to be 100% open about their earnings. Earlier this week was their 2021 Q4 earnings call... and oh boy.

Motley Fool Transcript: https://www.fool.com/earnings/call-transcripts/2022/03/31/motorsport-games-inc-msgm-q4-2021-earnings-call-tr/

Austin O's Video: https://www.youtube.com/watch?v=nJgHtDdSUE0

Stock right now according to Google Stocks:

https://preview.redd.it/6kevpsfsq6r81.png

We expect to incur losses for the foreseeable future as we continue to incur expenses to develop new game franchises.

Accordingly, we do not believe that our existing cash on hand will be sufficient to fund our operations for the next 12 months.

I feel a little bad for the Studio 397 (rFactor 2) and Black Delta (KartKraft) teams who bought into (and got bought out by) Motorsport Games. Who knows what their future looks like.


Motorsport Games delays/cancels Q2 2023 "earnings" report...
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Motorsport Games delays/cancels Q2 2023 "earnings" report...

NASDAQ indicates today was the earnings announcement date (as required to be shared for any public company, and NASDAQ is quite strict about this).

https://preview.redd.it/motorsport-games-delays-cancels-q2-2023-earnings-report-v0-0vajwkrnn3hb1.png

But it was noticed on Twitter by Lstnscrfn...

https://preview.redd.it/motorsport-games-delays-cancels-q2-2023-earnings-report-v0-6tc4hvjkn3hb1.png

This is just a few weeks after big news about NASCAR on console...

https://preview.redd.it/motorsport-games-delays-cancels-q2-2023-earnings-report-v0-1i8h4jrun3hb1.png

And to remind you for the last few quarterly reports Motorsport Games has reported each time...

As of April 30, 2023 the Company had approximately $4.9 million of available cash on hand. Based on the available cash on hand and the Company’s average monthly net cash burn of approximately $1.9 million, the Company does not believe it has sufficient liquidity to fund its operations for the remainder of 2023.

They did say this multiple times in 2022, but was able to continue to push forward. But as Insider Reports (Mike Straw) reported when Motorsport Network (their previous parent company) was sold, Motorsport Games was not part of the deal leaving them hanging solo.

Do you think this is the end for Motorsport Games? Did NASCAR pull out from Motorsport Games, even though ex-NASCAR CEO Brian France's investment firm Silver Falcon Capital was a major backer/investor in Motorsport Games? Will Le Mans Ultimate or IndyCar see their public release? What is the future of Studio 397 (rF2 and Le Mans Game devs) or Black Delta (KartKraft and Indycar devs) if the company folds?

Later Added Tweets (screenshot shows time in PDT):

https://preview.redd.it/motorsport-games-delays-cancels-q2-2023-earnings-report-v0-rjclhlo054hb1.pnghttps://preview.redd.it/motorsport-games-delays-cancels-q2-2023-earnings-report-v0-hpuhf0vat7hb1.png

Motorsport Games' Latest Earnings Show Company Doesn't Have Much Money Left
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