P1racenews AI automatic summary:
iRacing purchases NASCAR gaming rights, new title 2025
expanding into the console market with the acquisition of the NASCAR license from Motorsport Games. The deal includes the development and release of a simulation-style NASCAR console game set to be launched in 2025 on various platforms. iRacing President, Tony Gardner, expressed excitement and commitment to creating a high-quality NASCAR game that will provide an amazing experience for gaming enthusiasts and NASCAR fans worldwide. This transaction marks the end of a tumultuous period for the NASCAR gaming rights, which started in 2015 with 704Games and went through various changes, including Motorsport Games’ acquisition of 704Games in 2021. Motorsport Games will now focus on other intellectual properties, such as the 24 Hours of Le Mans, World Endurance Championship, IndyCar, and the British Touring Car Championship. The sale of the NASCAR license to iRacing is estimated to be worth $6 million and is expected to benefit all parties involved.
Source: motorsport
