In their third quarter earnings call for 2023, Motorsport Games announced layoffs, studio shutdowns as covered in their press release (quoted below). Stephen Hood, CEO of Motorsport Games, stated that the company is working towards “future success” with these topics mentioned: – $3.7M of income to Motorsport Games came from selling the NASCAR license to iRacing. – $1M conditional income is available, tied to the NASCAR license sale to iRacing. – Motorsport Games will continue selling it’s existing NASCAR titles through the end of 2024. – Reduction of satellite studios and staffing is expected to deliver $6.7M in cost savings.
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Motorsport Games Announce Layoffs, Closure Of KartKraft And IndyCar Game Developer | Race Sim Central
In their third quarter earnings call for 2023, Motorsport Games announced layoffs, ...
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