SEGG Media Corporation (NASDAQ: SEGG, LTRYW) has detailed its strategic investment in Veloce Media Group, which includes the acquisition of Quadrant, a motorsport and content brand co-founded by Formula 1 driver Lando Norris. This move, funded by the initial tranche of SEGG’s $7.59 million subscription agreement, grants SEGG a 12.4% stake in Veloce with the option to increase to 51% ownership. The acquisition is a pivotal step in SEGG’s expansion into the digital motorsports media landscape through its Sports.com division.

Veloce Media Group, reporting $17.5 million in revenue for FY2024 and boasting 750 million monthly digital views, alongside Quadrant’s strong brand equity and notable shareholders such as Zak Brown and Adrian Newey, presents a lucrative opportunity for SEGG. This strategic investment not only enhances SEGG’s portfolio but also solidifies its position in the high-growth digital motorsports media sector. The deal underscores SEGG’s commitment to leveraging immersive fan engagement, ethical gaming, and AI-driven live experiences to redefine audience interaction with sports content.

For further details on this strategic expansion, the full press release can be accessed at https://ibn.fm/lvCas. This development is a testament to SEGG’s ambitious growth strategy and its focus on dominating the digital sports media space.

This news story relied on content distributed by None. Blockchain Registration, Verification & Enhancement provided by NewsRamp. The source URL for this press release is SEGG Media Corporation Expands into Motorsport with Veloce Investment and Quadrant Acquisition.