MMA Global Inc. (LUSI) announced that leading eSports and sim racing media platform GTR24H has joined forces with the Zuki Project.
GTR24H is a leading esports sim racing media platform created for the “metaverse”-ready economy and entertainment world. GTR24H is at the forefront of the global creator economy – an industry centered around innovative digital content development fueled by social media influencers, creators and businesses, who monetise their content online. With a leading digital content platform created by and for Gen Z and millennials. GTR24H has established a highly engaged, loyal global fan base of millions across its combined tv networks, mobile apps and social platforms that rivals established sim racing and eSports leagues and numbers that rival traditional sports leagues.
GTR24H produces premium eSports and sim racing events content, merchandise, and consumer products and creates advertising and sponsorship programmes for leading technology and eSports ready advertisers.
With a combined tv network, mobile app and social media reach of over 200 million globally, in Europe, North America, Asia and Africa, including select regional global markets, including both its owned and operated channels and its network of content creators, broadcaster, drivers and dedicated fans within the metaverse, GTR24H is positioned to lead eSports broadcasting and sim racing events and media content and sim racing culture for the next generation.
By means of this transaction, GTR24H seeks to cement its leadership position amongst leading European eSports media and sim racing events companies with distribution channels to MotorVision TV, ESTV and, in 2022, to EuroSport TV.
Together, LUSI and GTR24H desire to build the collaboration between the two companies and then at an appropriate moment to be determined, to see GTR24H spun off into its own publicly traded entity on a U.S. Exchange, with NASDAQ being the anticipated market of choice.
“We are thrilled to announce this important milestone of GTR24H’s plans to enter the public market. In our short history, we have evolved from a disruptive content generator to one of the world’s most decorated and successful esports franchises, and now into one of the younger generations’ most recognized and followed brands globally. We believe GTR24H is becoming the leader of next generation sim racing media and entertainment, gaming, entertainment and lifestyle in the digital-native world. This transaction will provide us capital and access to the public markets, which will help us accelerate the expansion of our multi-platform and monetization strategy. We are so grateful to our team, our advisors and the millions of loyal fans who have helped us take GTR24H to the next level. We also look forward to working with Jim Phipps and the LUSI board and advisors to build a mutually beneficial partnership,” Jon Fabricius Turell, Chief Executive Officer of GTR24H, said.
“We’re glad to welcome GTR24H into the Zukiverse. This deal with GTR24H represents a tremendous opportunity to invest in and be a part of the future of eSports broadcast media and sim racing media event entertainment. With unmatched social media reach and Gen Z engagement, and the opportunity to meaningfully expand its global multi-platform presence across content, gaming, entertainment, consumer products and the metaverse, we believe GTR24H has the potential to create significant value for LUSI and its stakeholders,” James Phipps, Chief Executive Officer at LUSI, said.
“We are excited to partner with Jon Turell and his advisory team at Alpha Deal Group, led by Ian Roberts. Jon has surrounded himself with an exceptional team and advisors, and we look forward to much success in our enterprise together. We see ourselves working together to engage and to reward the GTR24H community of drivers, teams and fans, something the Zuki platform has been designed to do,” Phipps added.
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