TIDMGFIN
RNS Number : 8784J
Gfinity PLC
05 April 2018
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR)
Gfinity plc
("Gfinity" or the "Company")
Gfinity continues esports partnership with Formula 1(R)
Formula 1 teams to offer positions in their official line up to
online racers
Gfinity plc, a leading international esports group, announces
that it is continuing its relationship with Formula 1(R) and
Codemasters, the publisher of the official game of the FIA FORMULA
ONE WORLD CHAMPIONSHIP(TM), and has been announced as Events
Partner for season two of the F1 Esports Series. As part of the
arrangement, Gfinity will manage tournament operations for the live
events including the adjudication framework which supports all
competitive gameplay and broadcast all the live events.
The second season of the Formula 1 Esports Series will start on
13(th) April and will see Mercedes AMG Petronas Motorsport, Red
Bull Racing, Force India F1 Team, Williams, Renault Sport F1 Team,
Haas F1 Team, McLaren, Toro Rosso and Alfa Romeo Sauber F1 Team set
up their own esports teams to compete in the F1 Esports Series
2018.
The competition, open to everyone on the PlayStation(R)4
computer entertainment system, Xbox One and PC, launches with four
in-game online events on F1(TM) 2017. The fastest ten players on
each gaming platform will race off in a live-streamed event with
the top three on each platform qualifying for the first ever Pro
Draft and the chance to be signed by one of nine teams.
The official esports drivers will then represent their teams in
the second half of the season as they race in the three live events
that will determine the 2018 F1 Esports Series Teams' and Drivers'
World Champions with a prize fund of at least $200,000.
Neville Upton, CEO at Gfinity said:
"We are excited to continue to work with Formula 1 as the events
partner. F1 and Codemasters maximised the true potential last year
by fully integrating the F1 Esports Series into the final Grand
Prix weekend in Abu Dhabi through both their linear TV partners and
streaming platforms and we look forward to building on that success
in season two with more events and broadcast opportunities."
Julian Tan, Head of Digital Growth & F1 Esports at Formula 1
said:
"It has always been our goal to get the teams involved as soon
as possible and we are delighted that they have recognised the
potential of the F1 Esports Series at such an early stage. Last
year's series was a great success and demonstrated that there is a
clear audience and interest in this innovative, exciting form of
racing. We will continue to invest in the Esports Series as we feel
it is a great way for us to interact and engage with a new
audience."
Frank Sagnier, CEO at Codemasters said:
"Codemasters is extremely proud to be involved in the F1 Esports
Series. The quality of the racing we saw during last year's series
was spectacular and the integration of the teams for the coming
season is going to take the competition and its promotion to the
next level. We strongly believe that Esports is a platform that
allows us to engage with a wide, diverse audience in addition to
our traditional gaming community."
Enquiries:
Gfinity plc www.gfinityplc.com
Neville Upton, Chief Executive Via Walbrook PR
Officer
Allenby Capital Limited - AIM Tel: +44 20 3328
Nominated Adviser and Joint Broker 5656
Jeremy Porter / John Depasquale
Shore Capital - Joint Broker Tel: +44 (0) 20
7408 4090
Patrick Castle
Walbrook PR (Media & Investor Tel: +44 (0)20
Relations) 7933 8780
Paul Cornelius / Sam Allen or gfinity@walbrookpr.com
About Gfinity
Founded in 2012, Gfinity has established itself as one of the
world's leading esports companies. The London-based business enjoys
strong relationships with game publishers, players and the wider
esports community and has built a solid reputation for delivering
high quality competitions, both on-line at www.gfinityesports.com
and off-line, in addition to producing industry leading esports
broadcasts.
The Gfinity Esports Arena at Fulham Broadway, London is the home
of UK esports showcasing regular tournaments across the full range
of competitive games. Beyond its own tournaments Gfinity provides a
full turnkey solution for brands wanting to create their own
esports tournaments and has staged premium esports events around
the globe for leading publishers and brands including Formula 1,
Microsoft, Activision, EA, Xbox, Gillette and HP.
About Formula 1(R)
Formula 1(R) racing began in 1950 and is the world's most
prestigious motor racing competition, as well as the world's most
popular annual sporting series. The 2018 FIA Formula One World
Championship(TM) runs from March to November and spans 21 races in
21 countries across four continents. Formula One World Championship
Limited is part of Formula 1, and holds the exclusive commercial
rights to the FIA Formula One World Championship(TM).
Formula1 is a subsidiary of Liberty Media Corporation (NASDAQ:
LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) attributed to the
Formula One Group tracking stock.
The F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD
CHAMPIONSHIP, GRAND PRIX and related marks are trademarks of
Formula One Licensing BV, a Formula 1 company: All rights
reserved.
About Codemasters
Codemasters, the award winning videogame developer and
publisher, has a 30 year heritage. With titles distributed
globally, Codemasters is a leading developer and publisher of
driving and racing entertainment games including DiRT, GRID and the
official BAFTA award-winning FORMULA 1(TM) series of videogames.
The company is fully controlled by Reliance Big Entertainment Ltd.
(RBEL). For more information on Codemasters' product portfolio,
please visit www.codemasters.com. Join in the conversation with
@codemasters on Twitter or Like us on Facebook at
www.facebook.com/codemasters.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDBGDSSUGBGIS
(END) Dow Jones Newswires
April 05, 2018 02:00 ET (06:00 GMT)
Gfinity (LSE:GFIN)
Historical Stock Chart
From Apr 2024 to May 2024
Gfinity (LSE:GFIN)
Historical Stock Chart
From May 2023 to May 2024