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SEGG Media Invests in Veloce Media Group to Accelerate Strategic Expansion in Esports, Motorsports and Immersive Digital Content
Globenewswire· 2025-07-16 14:30
Core Insights - SEGG Media Corporation has announced a strategic investment in Veloce Media Group, aiming to enhance its position in the sports, entertainment, and gaming sectors [1][2][3] Investment Details - The investment values Veloce at £40 million ($53 million USD) pre-money and will be executed in two tranches, allowing SEGG to acquire a majority stake of 51% [2][7] - The first tranche includes a commitment of £2 million ($2.6 million USD) for Veloce's acquisition of Quadrant, with the remainder expected to be completed by the end of July 2025 [7] Company Performance - Veloce Media Group reported £12.8 million ($17.5 million USD) in revenue for the fiscal year ending March 2025, showcasing strong growth potential [4] - The company has established the world's largest racing and gaming media network, achieving over 750 million monthly digital views [4][14] Strategic Focus - SEGG Media's investment is part of a broader buy-and-build strategy aimed at creating immersive sports experiences and next-generation media [2][3] - The company is focusing on motorsport and soccer as key verticals for future growth, leveraging partnerships and content creation to enhance fan engagement [8][9] Market Positioning - The partnership with Veloce positions SEGG Media to tap into a digitally active youth demographic, particularly in regions like Saudi Arabia, which has a significant gaming population [11][12] - Veloce Media Group is recognized for its innovative approach in engaging Gen-Z and millennial audiences through immersive content and competitive platforms [4][10]
X @The Economist
The Economist· 2025-07-01 20:16
Industry Diversification - Motorsports firms are exploring diversification strategies beyond Formula One [1] - The industry leveraged its capabilities to design and manufacture equipment for COVID-19 patients during the pandemic [1] - Cooperation between motorsports firms and the defense industry has a long history [1]
Apollino Racing Team Rider Ken Ken Captures Historic 2025 AMA USSE Championship
Globenewswire· 2025-07-01 13:00
Core Insights - Neisen Zhang, a young Chinese rider, has won the 2025 AMA US Sprint Enduro championship, highlighting the increasing presence of Chinese youth in American motorsports and the effectiveness of Apollino's youth development programs [1][11] Company Overview - Apollino (Zhejiang Apollo Sports Technology Co., Ltd.) is committed to making off-road riding accessible to all ages and skill levels, offering electric motorcycles that provide a quiet and user-friendly riding experience [13][14] - The company operates in over 70 countries, focusing on youth development initiatives and comprehensive racing programs to support emerging athletes from grassroots to championship levels [14] Industry Context - The AMA US Sprint Enduro series serves as a premier talent development platform, emphasizing explosive sprint performance and providing a selection series for the official U.S. national team [3] - The 2025 season included 80 tests across multiple U.S. states, showcasing the competitive nature of the series despite weather-related cancellations [4][5] Performance Highlights - Neisen Zhang achieved six victories and one runner-up finish in the seven-round series, demonstrating remarkable consistency and skill across multiple racing disciplines [5][7] - His success in the series, along with 15 victories in 19 races across three major series, underscores the potential of young international competitors in motorsports [5][12] Support and Development - Apollino Racing's support, including access to top-tier equipment and technical assistance, has been crucial for Neisen Zhang's focus on competition and skill development [9][11] - The company's youth development programs start with entry-level training, including electric dirt bike programs for kids, aimed at introducing young riders to off-road racing fundamentals [12]
X @The Economist
The Economist· 2025-06-29 21:17
Industry Overview - Britain's motorsports industry employs 50,000 people [1] - The industry generated revenues of £16 billion (approximately $22 billion) in 2023 [1]
Oracle Red Bull Racing Selects Oracle Fusion Cloud Applications Suite to Accelerate Operations
Prnewswire· 2025-06-26 12:00
Core Insights - Oracle Red Bull Racing is adopting Oracle Fusion Cloud Applications Suite to enhance efficiency and support cost cap compliance [1][2] - The team aims to replace manual financial planning processes with an integrated cloud platform to improve productivity and reduce costs [2][3] Financial and Operational Efficiency - The implementation of Oracle Fusion Applications will allow Oracle Red Bull Racing to optimize financial planning, accelerate business insights, and enhance resource allocation [3][5] - The use of Oracle Fusion Cloud Enterprise Performance Management (EPM) will increase visibility and improve planning and budgeting processes [3] Human Resources and Employee Experience - Oracle Fusion Cloud Human Capital Management (HCM) will simplify HR processes, improve payroll, and enhance talent recruitment [3] - The integration aims to provide detailed workforce insights and improve the overall employee experience [3] Fan Engagement and Customer Experience - Oracle Red Bull Racing utilizes Oracle Fusion Cloud Customer Experience (CX) to enhance fan engagement through personalized content and loyalty programs [4] Technological Advancements - The team will leverage cloud and AI technologies to drive innovation and efficiency in its operations [5] - Continuous innovation and AI-powered automation are expected to support finance and operations, contributing to greater success on and off the track [5]
Sports.com Enters Strategic Sponsorship with Racing Women to Accelerate the Future of Female Motorsport
Globenewswire· 2025-06-16 13:55
Core Insights - Lottery.com Inc. and Sports.com have entered into a sponsorship agreement with Racing Women LLC to promote women's participation in motorsports and STEM programs globally [1][3] - Racing Women has engaged 4,500 women from over 70 countries, focusing on developing female drivers and providing training and education for careers in motorsports [2][5] - The sponsorship will support three key events in 2025, including a driver training camp and two Radical races, highlighting Sports.com's commitment to gender equality in sports [3][4] Company Overview - Lottery.com Inc. operates a unified ecosystem that integrates gaming, entertainment, and sports, including brands like Sports.com, Tinbu, and WinTogether [6] - The partnership with Racing Women is seen as a pivotal moment for both organizations, aiming to create sustainable opportunities for women in elite motorsport [4][5] Industry Context - The global market for women's athletics is experiencing significant growth in participation, media value, and fan engagement, making it a high-impact area for investment [3][4] - Racing Women aims to redefine entry points for women in motorsports through advanced training and mentorship, addressing the historical underrepresentation in the field [2][4]
Disney and Formula 1® Unveil Collaboration with Disney's Mickey & Friends Launching in 2026
Prnewswire· 2025-05-20 10:01
Core Insights - Formula 1 and Disney have announced a collaboration featuring Mickey & Friends, set to launch in 2026, aimed at creating unique experiences, content, and merchandise for fans globally [1][2]. Group 1: Collaboration Details - The partnership leverages both brands' strengths in creativity, entertainment, and innovation to engage fans worldwide through memorable experiences [2]. - Tasia Filippatos, President of Disney Consumer Products, emphasized the collaboration as a unique opportunity to merge two iconic entertainment properties, promising tailored content and experiences for both Disney and F1 fans [3]. - Emily Prazer, Chief Commercial Officer of Formula 1, highlighted the collaboration's alignment with F1's strategy to expand into broader consumer markets, introducing Disney to its 820 million fans globally [3]. Group 2: Audience Engagement - Recent data indicates a significant increase in younger fans for Formula 1, with over four million children aged 8-12 actively following the sport in the EU and US [3]. - Social media engagement shows that 54% of F1 followers on TikTok and 40% on Instagram are under 25 years old, indicating a youthful demographic that the collaboration aims to attract [3]. Group 3: Future Developments - Additional information regarding how fans can engage with Mickey & Friends during their Formula 1 adventure will be shared in the coming months [4]. - Fans are encouraged to follow @mickeymouse and @f1 on social media for updates on the collaboration [4]. Group 4: Company Backgrounds - Disney Consumer Products focuses on integrating beloved brands into daily life through various products and experiences, including toys, apparel, and digital content [4]. - Formula 1, established in 1950, is recognized as the world's most prestigious motor racing competition and is part of Liberty Media Corporation [5].
Spectrum Joins Meyer Shank Racing for the 109th Running of the Indianapolis 500
Prnewswire· 2025-05-13 15:07
Company Overview - Spectrum is a leading broadband connectivity company and cable operator, offering advanced communications services to over 57 million homes and businesses across 41 states [5] - The company provides a full range of services including Spectrum Internet®, TV, Mobile, and Voice, supported by a 100% U.S.-based workforce [5] Partnership with MSR - Spectrum has partnered with Meyer Shank Racing (MSR) for the Indianapolis 500, aligning with a brand that shares a passion for performance and precision [2] - The collaboration will showcase Spectrum at the Indianapolis Motor Speedway, which is expected to attract 350,000 race fans, marking it as the largest attended single-day sporting event in the country [2] Marketing Strategy - The Indianapolis 500 is viewed as the perfect platform for Spectrum to demonstrate its brand, emphasizing its status as the provider of the nation's fastest internet [3] - Spectrum aims to enhance its visibility and brand recognition by sponsoring race cars, showcasing its commitment to speed and reliability [3] MSR Team Background - Meyer Shank Racing is a championship-winning team in the NTT INDYCAR SERIES and IMSA WeatherTech SportsCar Championship, known for its innovation and performance [7] - The team has a notable history, including being the 2021 Indianapolis 500 winner and a three-time overall winner at the Rolex 24 at Daytona [7]
Sebastian Murray Makes Second INDY NXT by Firestone Start Driving No. 2 Car Sponsored by Lottery.com and Sports.com
Globenewswire· 2025-05-05 19:30
Core Insights - Sebastian Murray showcased strong performance in qualifying, achieving P10 at the Grand Prix of Alabama, indicating his rising talent in the INDY NXT series [2][10] - The race saw Murray climb to P8 before an incident caused him to finish P16, reflecting both potential and challenges faced during the race [2][10] - The branding of Lottery.com and Sports.com made its debut on Murray's car and race suit, marking a significant marketing initiative for both companies [2][4] Performance Summary - Murray's qualifying result of P10 is noted as his best of the season so far, demonstrating improvement and competitiveness [10] - During the race, he was positioned well within the top ten until a rear-end incident affected his performance, limiting his pace for the final laps [2][10] - Despite the setback, Murray expressed optimism about the team's performance and the potential for future races, particularly looking forward to the upcoming double-header at Indianapolis [2][3] Branding and Marketing - The race marked the official launch of the full-season branding campaign for Lottery.com and Sports.com, aiming to enhance visibility and engagement through elite motorsport exposure [2][4] - The red and black design of the car was highlighted as visually appealing, contributing to the marketing strategy's effectiveness [4]
ATLASSIAN WILLIAMS RACING ANNOUNCES PARTNERSHIP WITH AI LEADER AIRIA
GlobeNewswire News Room· 2025-05-01 13:11
Core Insights - Atlassian Williams Racing has announced a multi-year partnership with Airia, an enterprise AI orchestration platform, ahead of the 2025 FIA Formula 1 Miami Grand Prix [1][2] Company Overview - Atlassian Williams Racing is a prominent British F1 team with nine Constructors' World Championships and seven Drivers' Championships, recognized for its engineering excellence and competitive history [2][10] - Airia, headquartered in Atlanta, specializes in AI orchestration, enabling organizations to securely manage AI solutions at scale [11] Partnership Details - Airia will serve as the Official AI Orchestration Partner for Atlassian Williams Racing, enhancing the team's access to AI capabilities for improved decision-making and operational efficiency [3][4] - The partnership aims to leverage Airia's platform to create intelligent workflows and automate complex tasks, ensuring robust security and governance [3][4] Strategic Goals - The collaboration reflects both companies' commitment to innovation, speed, and real-time decision-making, essential for success in Formula 1 and other industries [4][7] - Airia's branding will debut at the Miami Grand Prix, marking its first partnership in Formula 1, and will be integrated into Williams' STEM initiatives [5][6] Leadership Perspectives - James Vowles, Team Principal of Atlassian Williams Racing, emphasized the importance of this partnership in accelerating the team's transformation towards winning [7] - John Marshall, CEO of Airia, highlighted the alignment of visions between the two companies, focusing on the critical role of AI in achieving competitive advantages [7]