I tried a Formula 1 experience. The race simulator is fun — but it's pricey and over too soon. [Business Insider]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
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Source: Business Insider
I tested F1 Arcade in London to see what all the fuss was about. F1 Arcade, a restaurant and bar that houses e-sport racing game machines meant to mimic the Formula 1 driving experience, is one of the latest ways the sport is being monetized after Netflix's hit series "Formula 1: Drive to Survive." The Arcade — backed by Formula 1 and Liberty Media — has been open since 2022 in the UK and, after launching a branch in Boston in April, is now expanding further in the US. This month, it was announced that F1 Arcade had completed a $130 million fundraising round to enable it to open another branch in Washington DC this fall and a flagship site in Las Vegas in 2025. The announcement comes just months after the release of the sixth season of the 2019 Netflix hit series "Formula 1: Drive to Survive." The hugely popular series has been credited with helping Formula 1 break into the US market , where the sport had largely been overshadowed by NASCAR and IndyCar. I visited the F1 A
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LSXMA
News
- Formula 1 Now Seeks $2.55 Billion as Loan Refinancing Unveiled [Yahoo! Finance]Yahoo! Finance
- Liberty Media Corporation to Present at Goldman Sachs Communacopia & Technology ConferenceBusiness Wire
- Sirius XM (SIRI) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Lenovo Becomes Global Partner of Formula 1® in Renewed DealBusiness Wire
- Liberty Media and Sirius XM Announce Final Exchange Ratio for the Split-Off Transactions [Yahoo! Finance]Yahoo! Finance
LSXMA
Earnings
- 8/8/24 - Miss
LSXMA
Sec Filings
- 9/6/24 - Form 8-K
- 9/4/24 - Form 425
- 9/4/24 - Form 425
- LSXMA's page on the SEC website