{"id":17053,"date":"2021-05-05T09:00:04","date_gmt":"2021-05-05T13:00:04","guid":{"rendered":"https:\/\/motorsportgames.com\/?p=17053"},"modified":"2021-05-05T09:00:04","modified_gmt":"2021-05-05T13:00:04","slug":"motorsport-games-completes-acquisition-of-studio-397-and-confirms-it-will-bring-rfactor-2-powered-physics-to-forthcoming-nascar-game-on-consoles","status":"publish","type":"post","link":"https:\/\/motorsportgames.com\/motorsport-games-completes-acquisition-of-studio-397-and-confirms-it-will-bring-rfactor-2-powered-physics-to-forthcoming-nascar-game-on-consoles\/","title":{"rendered":"Motorsport Games Completes Acquisition of Studio 397 and Confirms It Will Bring rFactor 2 Powered Physics To Forthcoming NASCAR Game on Consoles"},"content":{"rendered":"<body><p><span class=\"TextRun SCXW41064771 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW41064771 BCX0\">Acquisition under the previously announced agreement is now completed, with Studio 397 continuing its work and updates on rFactor 2 under the Motorsport Games banner<\/span><\/span><span class=\"EOP SCXW41064771 BCX0\" data-ccp-props='{\"335551550\":2,\"335551620\":2}'><br>\n<\/span><\/p>\n<p><b><span data-contrast=\"auto\">MIAMI, FL \u2014<\/span><\/b><a href=\"https:\/\/divestudios.io\/\"><b><span data-contrast=\"auto\">\u00a0<\/span><\/b><\/a><b><span data-contrast=\"auto\">\u00a0<\/span><\/b><span data-contrast=\"auto\">May 5, 2021<\/span><b><span data-contrast=\"auto\">\u00a0\u2014<\/span><\/b><a href=\"https:\/\/divestudios.io\/\"><span data-contrast=\"auto\">\u00a0<\/span><\/a><a href=\"https:\/\/motorsportgames.com\/\"><span data-contrast=\"none\">Motorsport Games Inc<\/span><\/a><span data-contrast=\"auto\">. (NASDAQ: MSGM) (\u201cMotorsport Games\u201d), a leading racing game developer, publisher and esports ecosystem pr<\/span><span data-contrast=\"auto\">ovider of official motorsport racing series throughout the world, today announced that it closed at the end of April 2021 the previously announced acquisition of Studio 397, the company behind the industry leading racing simulation platform, rFactor 2. Stu<\/span><span data-contrast=\"auto\">dio 397 will maintain its brand and name while continuing to develop the rFactor 2 platform, as well as working on other Motorsport Games titles.<\/span><span data-ccp-props='{\"335551550\":6,\"335551620\":6}'>\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This acquisition cements the long-term relationship formed between Motorsport Games and Studio 397. For over\u00a0<\/span><span data-contrast=\"auto\">a year, the Netherlands-based developer has been providing its expertise in vehicle physics, tire\u00a0<\/span><span data-contrast=\"auto\">modeling<\/span><span data-contrast=\"auto\">\u00a0and AI for Motorsport Games\u2019 upcoming reboot of the NASCAR video game franchise, due for release later in 2021. Studio 397 will also be central to th<\/span><span data-contrast=\"auto\">e development of Motorsport Games\u2019 forthcoming titles based upon licenses including the British Touring Car Championship and the 24 Hours of Le Mans.<\/span><span data-ccp-props='{\"335551550\":6,\"335551620\":6}'>\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThe acquisition of Studio 397 is a significant advancement for us that we expect will help to deliver fu<\/span><span data-contrast=\"auto\">rther value in our products,\u201d said\u00a0<\/span><b><span data-contrast=\"auto\">Dmitry Kozko, Chief Executive Officer of Motorsport Games<\/span><\/b><span data-contrast=\"auto\">. \u201cWe have boosted and diversified our product portfolio with the addition of the market leading rFactor 2 simulation platform, while at the same time added substant<\/span><span data-contrast=\"auto\">ial video game development expertise and capabilities to our growing team.\u201d<\/span><span data-ccp-props='{\"335551550\":6,\"335551620\":6}'>\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cStudio 397 shares our same passions for virtual racing and creating the best possible driving experiences for our players,\u201d said\u00a0<\/span><b><span data-contrast=\"auto\">Stephen Hood, President of Motorsport Games<\/span><\/b><span data-contrast=\"auto\">. \u201cWe originally chose to work with them on our new NASCAR game franchise to bring top class elements to the titles, as rFactor 2 has the best vehicle physics, AI and tire model available today. Therefore, when the opportunity arose to bring them into the\u00a0<\/span><span data-contrast=\"auto\">Motorsport Games family, it made perfect sense to all parties.\u201d<\/span><span data-ccp-props='{\"335551550\":6,\"335551620\":6}'>\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cWe are delighted to become a part of the Motorsport Games family,\u201d said\u00a0<\/span><b><span data-contrast=\"auto\">Marcel Offermans, Director of Studio for Studio 397<\/span><\/b><span data-contrast=\"auto\">. \u201cWe remain committed to growing the rFactor 2 platform, as well a<\/span><span data-contrast=\"auto\">s providing the base for the simulation components in all future Motorsport Games titles.\u201d<\/span><span data-ccp-props='{\"335551550\":6,\"335551620\":6}'>\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In addition to game development, the acquisition of Studio 397 is expected to also positively impact Motorsport Games\u2019 esports offerings. The incredibly successful\u00a0<\/span><span data-contrast=\"auto\">24 Hours of Le Mans Virtual race and the Formula E Race at Home Challenge \u2013 both of which were operated by Motorsport Games \u2013 each raced using rFactor 2, which will now be the platform of choice for future esports events and projects.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For more information<\/span><span data-contrast=\"auto\">\u00a0about Motorsport Games, please visit\u00a0<\/span><a href=\"http:\/\/www.motorsportgames.com\/\"><span data-contrast=\"none\">www.motorsportgames.com<\/span><\/a><span data-contrast=\"auto\">\u00a0and follow our social media channels:\u00a0<\/span><a href=\"https:\/\/www.facebook.com\/msportgames\"><span data-contrast=\"none\">Facebook<\/span><\/a><span data-contrast=\"auto\">,\u00a0<\/span><a href=\"https:\/\/twitter.com\/MSportgames\"><span data-contrast=\"none\">Twitter<\/span><\/a><span data-contrast=\"auto\">\u00a0and\u00a0<\/span><a href=\"https:\/\/www.linkedin.com\/company\/msportgames\"><span data-contrast=\"none\">LinkedIn<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props='{\"335551550\":6,\"335551620\":6}'>\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<\/body>","protected":false},"excerpt":{"rendered":"<p>Acquisition under the previously announced agreement is now completed, with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":17064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[],"class_list":["post-17053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Motorsport Games Completes Acquisition of Studio 397 and Confirms It Will Bring rFactor 2 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