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All Eyes on SEGG Media: Ilott's Charge, Foster's Fire, Murray's Redemption Lead Racing Weekend
GlobeNewswire News Room· 2025-07-28 13:30
Core Insights - SEGG Media Corporation is enhancing its presence in the sports, entertainment, and gaming sectors through strategic partnerships and talent investments, as demonstrated by the recent performances of its sponsored drivers at the Java House Grand Prix of Monterey [1][7][8] Performance Highlights - Callum Ilott achieved a remarkable performance by moving from P24 to P6, marking PREMA Racing's best result in the NTT INDYCAR Series [2] - Louis Foster secured P7 in qualifying, showcasing his consistency as a rookie despite facing challenges during the race [3] - Sebastian Murray made a significant comeback, finishing P5 in INDY NXT after overcoming previous setbacks, which highlighted his resilience and skill [4][5][6] Brand Exposure and Strategy - The performances of the drivers resulted in substantial brand exposure for Sports.com and Lottery.com, reinforcing SEGG Media's strategy of leveraging talent for market visibility [6][7] - SEGG Media's recent acquisitions of Veloce and Quadrant, along with a partnership with the Kerala Super League, are aimed at expanding its global footprint in sports and entertainment [7] - The company emphasizes a long-term strategy focused on smart investments in talent and intellectual property, aiming to create value both on and off the track [8]
Ilott Delivers Stunning Top-10 Drive as Foster Flashes Brilliance 2025 Ontario Honda Dealers Indy Toronto
Globenewswire· 2025-07-21 13:30
Core Insights - SEGG Media Corporation announced strong performance from its drivers at the 2025 Ontario Honda Dealers Indy Toronto, with Callum Ilott achieving a career-best finish of P8 and Louis Foster showcasing his qualifying prowess by securing P7 [2][3][4] Company Performance - Callum Ilott's performance marked the team's highest finish of the season, moving from 13th to 8th place during the race [2] - Louis Foster maintained an impressive qualifying average of 8.4 over the last five races, including a pole position at Road America [3] - Despite a setback due to a suspension issue, Foster's early race performance demonstrated his competitive edge [3] Strategic Developments - The weekend was significant for SEGG Media as it coincided with strategic meetings aimed at expanding the 2026 Young Drivers Academy [4] - The company confirmed acquisitions of Veloce and Quadrant, along with a broadcast partnership for the Kerala Super League, enhancing its market presence [4][5] Upcoming Events - The next race will take place at Laguna Seca, where Foster previously excelled in Indy NXT, indicating potential for continued success [5][6]
SEGG Media Signs Global Partnership With Super League Kerala — Launching Sports.com App's First Live Football Rights in Asia
GlobeNewswire News Room· 2025-07-17 16:00
Core Insights - SEGG Media Corporation has entered a five-year commercial agreement with Super League Kerala (SLK), valued at over $11.6 million, marking its first official football league partnership in the Indian subcontinent [2][3] - The partnership positions SEGG Media and its Sports.com super app as the exclusive global commercial and broadcast partner for SLK, aiming to enhance audience reach and monetization strategies [3][6] Company Overview - SEGG Media is a technology company focused on transforming the intersection of sports, entertainment, and gaming, operating under NASDAQ: SEGG and LTRYW [2][11] - The company aims to redefine audience interaction with content through immersive fan engagement and AI-driven experiences [11] Partnership Details - The agreement includes exclusive international streaming rights, integrated gaming and fan engagement products, and global sponsorship rights, targeting the Keralite diaspora in various regions [7][6] - Season 1 of SLK attracted nearly 13 million viewers, with Season 2 targeting a 25% increase in audience reach through Sports.com's streaming platform [3][10] Strategic Importance - The partnership is seen as a validation of the Sports.com strategy, providing a high-growth product in a region with a strong football culture [4][5] - The deal allows for a tiered subscription model, enabling fans to engage with SLK matches in multiple languages and access real-time stats and on-demand replays [6][10]
SEGG Media Shares Additional Details on Strategic Investment into Veloce Media Group
Globenewswire· 2025-07-17 13:30
Core Insights - SEGG Media Corporation is expanding its portfolio through a significant investment in Veloce Media Group and the acquisition of Quadrant, marking a pivotal moment in its growth strategy [1][4] Investment Details - SEGG Media has entered a Subscription Agreement for $7.59 million, which will result in a 12.4% ownership stake in Veloce Media [4] - The initial tranche of the investment funded the acquisition of Quadrant, with a Call Option Agreement allowing SEGG Media to increase its stake to 51% in Veloce [4] Quadrant Acquisition - Veloce Media Group acquired majority control of Quadrant, a motorsport and apparel brand co-founded by Formula 1 driver Lando Norris, enhancing its digital presence [2] - Lando Norris retains over 20% equity in Quadrant and has reinvested in Veloce, indicating strong confidence in the venture [2] Shareholder Composition - Quadrant's cap table includes notable shareholders such as McLaren Racing CEO Zak Brown and other prominent investors like Animoca Brands and Adrian Newey [3] Leadership Perspectives - SEGG Media's leadership emphasizes the strategic alignment of talent and digital scale to create a dominant motorsport-media platform [5] - Veloce's leadership highlights the validation of their digital-first approach through the acquisition and SEGG Media's investment [5] Market Position and Performance - Veloce reported $17.5 million in revenue and $1.14 million in EBITDA for the fiscal year ending June 2024, indicating strong financial performance [11] - The company has a substantial digital reach with 55 million subscribers and 750 million monthly views, enhancing its commercial leverage [11]