Business
Gfinity & ADMM virtual racing esports partnership
Gfinity & ADMM virtual racing esports partnership.
About this update from Gfinity Plc
[{"type":"text","content":"\n \n \n RNS Number : 8914O\n Gfinity PLC\n 04 June 2020\n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n \n \n 04 June 2020\n \n \n \n \n \n \n \n \n \n \n \n Gfinity plc\n \n \n (\"Gfinity\" or the \"Company\")\n \n \n \n \n \n Gfinity and Abu Dhabi Motorsport Management to create a jointly owned new esports racing championship\n \n \n \n \n \n Gfinity plc (AIM: GFIN), a world-leading esports and gaming solutions provider, today announces it has entered into a five-year agreement with Abu Dhabi Motorsport Management (ADMM) to design, develop and deliver a new virtual motorsport (esports) racing championship (ERC). The ERC will be jointly owned by Gfinity and ADMM. \n \n \n \n \n \n The ERC combines Gfinity's expertise in esports and competitive gaming entertainment with ADMM's proven ability to create world class experiences, including the Formula 1 Etihad Airways Abu Dhabi Grand Prix, and supports the ongoing investment in racing products and services that has built one of the region's premium entertainment and motorsport brands. \n \n \n \n \n \n The ERC concept, created by Gfinity, is based on a unique format not seen in virtual racing before\n and will feature some of the fastest professional simulation racing drivers with a roster of teams from digital motorsport\n . \n There will be two seasons in each calendar year, with the first season taking place in 2020. The races will be hosted by Gfinity, with drivers joining remotely from around the world competing behind the wheel of a bespoke, single seater car. \n \n \n \n \n \n Gfinity's proprietary technology, Race Control, will be utilised for in-race adjudication and data feeds \n delivering new levels of insight to fans about driver and car performance\n . \n The unique format is designed to capitalise on the growing appetite for digital motorsport from international broadcasters, providing multiple hours of programming per season to a range of partners, accompanied by new dedicated ERC digital channels, maximising t...