According to the report, Motorsport Games lost $14.3 million in 2023 with an accumulated deficit of $87 million. In addition to the money lost and deficit, the company currently has just $1.3 million cash on hand as of March 29, 2024 with a monthly burn rate of $1.1 million.
combined with
Currently, the company has no planned releases for 2024. The studio employees 71 people as of December 31, 2023, 52 of which are developers.
does not look good for them, especially considering that they sold the rights to NASCAR (which means that at the end of the year they won’t have the ability to sell content related to it). Without some pretty big changes I don’t see them lasting much longer, I’m surprised I didn’t think they were in that bad of shape.
combined with
does not look good for them, especially considering that they sold the rights to NASCAR (which means that at the end of the year they won’t have the ability to sell content related to it). Without some pretty big changes I don’t see them lasting much longer, I’m surprised I didn’t think they were in that bad of shape.