Motorsport Games Announces Expansion Into Karting - Motorsport Games<\/title>\n<meta name=\"description\" content=\"February 19, 2021, Motorsport Games Inc. (NASDAQ: MSGM) (\u201cMotorsport Games\u201d), a leading racing game developer, publisher and esports...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/motorsportgames.com\/motorsport-games-announces-expansion-into-karting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Motorsport Games Announces Expansion Into Karting - Motorsport Games\" \/>\n<meta property=\"og:description\" content=\"February 19, 2021, Motorsport Games Inc. 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{"id":16617,"date":"2021-02-19T14:28:43","date_gmt":"2021-02-19T19:28:43","guid":{"rendered":"https:\/\/motorsportgames.com\/?p=16617"},"modified":"2021-04-20T16:09:33","modified_gmt":"2021-04-20T20:09:33","slug":"motorsport-games-announces-expansion-into-karting","status":"publish","type":"post","link":"https:\/\/motorsportgames.com\/motorsport-games-announces-expansion-into-karting\/","title":{"rendered":"Motorsport Games Announces Expansion Into Karting"},"content":{"rendered":"

Motorsport Games signs binding term sheet with KartKraft to add leading karting simulator IP, assets and key development talent to diversify gaming portfolio; Announces anticipated launch of Motorsport Games Australia studio
\n<\/em><\/strong><\/p>\n

MIAMI, FL \u2013 <\/strong>February 19, 2021, Motorsport Games Inc. (NASDAQ: MSGM) (\u201cMotorsport Games\u201d), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced that the company has entered into a binding term sheet to acquire the assets and the business of KartKraft, the highly acclaimed PC kart racing simulator, from developer Black Delta. Under the terms of the binding term sheet, Motorsport Games expects to take ownership of the KartKraft IP as well as all the game assets and code. Additionally, key members of the original development team, including Founder Zach Griffin, are expected to join Motorsport Games to form a new studio called Motorsport Games Australia, under which development of KartKraft will continue.<\/p>\n

\u201cThis upcoming acquisition further demonstrates Motorsport Games\u2019 commitment to the racing game genre and our belief in the future of virtual racing. We are delighted to have the opportunity to add KartKraft and form a new development team within the Motorsport Games family. The level of simulation that the team has created is highly impressive and the best recreation of karting available on the market today. We believe that, by adding our expertise to KartKraft, we will bring the game to the next level, amplifying its success as we help steer the product to full release,\u201d said Stephen Hood, President of Motorsport Games.<\/strong><\/p>\n

\u201cAdditionally, the new Motorsport Games Australia team will bring additional knowledge and expertise to Motorsport Games, specifically in Epic Games\u2019 trademark game Unreal Engine, as well as vehicle physics and driving simulation. They will play an integral role in the development of our future products and we\u2019re incredibly excited about their future contribution to our talented team.\u201d<\/p>\n

The planned acquisition of KartKraft is the latest in a line of exciting announcements from Motorsport Games. KartKraft will further expand Motorsport Games\u2019 product portfolio, content development, digital product sales capabilities, and provide an opportunity to expand the company\u2019s esports ecosystem. In addition to the continued development of KartKraft, the new Motorsport Games Australia studio will bring its expertise from the Unreal Engine, developed by Epic Games, and racing simulation to other Motorsport Games licenses including NASCAR, 24 Hours of Le Mans and the British Touring Car Championship.<\/p>\n

\u201cThe planned acquisition of KartKraft represents yet another step in our growth as a leading developer for racing games,\u201d said Dmitry Kozko, CEO of Motorsport Games<\/strong>. \u201cWe are aggressively pursuing our growth strategy by putting the committed capital from our shareholders to work. We\u2019re excited to complement our existing franchise developments by adding KartKraft to help grow our development team and product line.\u201d<\/p>\n

\u201cAs a shareholder in Motorsport Games, I\u2019m thrilled that KartKraft is joining us and that we can use our expertise, scope and knowledge to help maximize the impact of this great product,\u201d said Fernando Alonso, Alpine Formula 1 driver, two-time F1 World Drivers\u2019 Champion, two-time 24 Hours of Le Mans Champion and former Karting World Champion<\/strong>. \u201cKartKraft recreates the authentic feel and thrill of kart racing. As a former Karting World Champion and owner of my own karting school, I want people of all ages to be able to experience the joys of karting first-hand. Nearly all the top drivers began their motorsport life in karting and KartKraft is a natural progression for introducing a new generation of drivers to the sport.\u201d<\/p>\n

KartKraft is currently in Early Access on Steam for PC and its simulator has quickly amassed a cult-like following within the sim-racing community. Upon its full release, it will allow players to build their own karts from the chassis up and race on 10 officially licensed, laser-scanned tracks with 20 official kart manufacturers.<\/p>\n

For more information about Motorsport Games visit motorsportgames.com<\/a> and follow our social media channels: Facebook, Twitter and LinkedIn. You can find KartKraft on Facebook and Twitter.
\n<\/em><\/strong><\/p>\n<\/body>","protected":false},"excerpt":{"rendered":"