GAMESQUARE HLDGS INC Stock Price, News & Analysis

Engine Media Holdings (NASDAQ: GAME; TSX-V: GAME) has announced its Winview Inc. subsidiary has filed amended patent infringement complaints against DraftKings and FanDuel in the U.S. District Court for New Jersey. The complaints now allege infringement of two additional patents related to gaming methodologies, seeking damages and other relief. Legal representation includes Morgan Chu and Thomas R. Curtin. Engine Media focuses on esports, gaming data, and advertising solutions, with several subsidiaries enhancing its market presence.

Engine Media Holdings announced that its Gear.Club Unlimited franchise has surpassed one million units sold worldwide on Nintendo Switch. The success of the racing simulation game franchise has prompted an extended partnership with Microids to develop Gear.Club Unlimited 2 for Xbox Series X and PlayStation 5, scheduled for release in Q4 2021. Engine Media's Eden Games studio is recognized for its high-quality racing experiences, and the franchise's success reinforces its position in the gaming market.

Engine Media Holdings (NASDAQ: GAME) reported impressive fiscal third-quarter results for 2021, with revenues reaching $9.6 million, reflecting a remarkable 360% year-over-year growth and a sequential increase of 14.6%. The company achieved a net income of $6.2 million, contrasting with a significant loss of $27.4 million in the previous quarter. Engine Media also announced the acquisition of influencer marketing platform Sideqik and commenced trading on the Nasdaq under the ticker GAME.

Engine Media Holdings, Inc. (NASDAQ: GAME; TSX-V: GAME) announced the renewal of its partnership with The Coalition to serve as the principal esports partner for Gears Esports. UMG Gaming, a subsidiary of Engine, will manage tournament and league operations for another season after a successful Season 2. The Gears Spring Major in May 2021 garnered over 1.1 million live views. The renewed partnership is expected to bolster Engine's long-term esports initiatives, with over $600K in prizes available for participants.

Engine Media Holdings, trading under the symbol GAME, has filed a patent infringement lawsuit against FanDuel in the U.S. District Court for New Jersey. The lawsuit claims FanDuel infringes on two patents held by its subsidiary, Winview Inc., related to gaming technology and management of client resources. The company aims to recover damages and protect its intellectual property after a similar action against DraftKings. Tom Rogers, Executive Chairman, emphasized the importance of enforcing their patent portfolio.

Engine Media Holdings, Inc. (NASDAQ: GAME) has engaged ICR, LLC to enhance its investor relations program. The collaboration aims to improve connectivity with the investment community and foster effective communication about the company's developments. CEO Lou Schwartz expressed confidence in ICR's capabilities to articulate Engine's vision. Engine Media focuses on esports and gaming experiences, offering media solutions that include influencer marketing and data analytics. The company serves over 1,200 brands globally, emphasizing its commitment to delivering premium technologies and content.

Engine Media Holdings, Inc. (NASDAQ: GAME) has announced a partnership between its subsidiary, Frankly Media, and Esports Media Inc., focusing on monetizing Esports.gg through advertising solutions. This collaboration will allow Frankly to optimize Esports.gg's revenue channels, providing expert management and audience insights. The partnership aims to enhance operational efficiencies and maximize revenue growth in Esports.gg, which is backed by a team of esports veterans. Engine Media emphasizes the significance of this partnership for its long-term strategic plans in the esports and gaming sectors.

Engine Media Holdings has filed a patent infringement lawsuit against DraftKings in New Jersey, alleging violations of its patents related to gaming services. The lawsuit focuses on the '243 Patent, which addresses latency in television reception during skill games, and the '543 Patent, which pertains to resource management for computing devices. Engine's subsidiary, Winview, aims to protect its intellectual property, boasting a portfolio of 80 U.S. patents. The company anticipates potential damages and relief through this legal action.

Engine Media Holdings, Inc. (TSX-V: GAME, NASDAQ: GAME) will ring the Nasdaq Closing Bell on July 8, 2021, celebrating its recent uplisting to the Nasdaq. Executives Tom Rogers and Lou Schwartz expressed gratitude to employees and highlighted the company's commitment to leading in gaming technology, content, and data solutions. Engine Media focuses on delivering consumer experiences through subsidiaries like Stream Hatchet and WinView Games, generating revenue from a blend of direct-to-consumer offerings, SaaS-based services, and programmatic advertising.