WRIT Media Group, Inc. (WRIT) Preparing to Capital
Post# of 706
Posted On: 09/02/2015 7:05:05 PM
WRIT Media Group, Inc. (WRIT) Preparing to Capitalize on Forecast Video Gaming Industry Growth
According to a report by Digi-Capital, the global video gaming industry is expected to be worth more than $100 billion within the next three years as demand for mobile games continues to rise in line with increasing global smartphone penetration. By 2017, the report forecasts that mobile and online gaming will account for as much as 60 percent of the industry’s total revenue, providing a substantial opportunity for leading mobile game developers – such as Electronic Arts (NASDAQ: EA), Glu Mobile (NASDAQ: GLUU), King (NYSE: KING) and Zynga (NASDAQ: ZNGA) – as well as smaller firms and startups to promote rapid growth in the coming months.
WRIT Media Group, Inc. (OTCQB: WRIT), through wholly-owned subsidiaries Retro Infinity and Amiga Games, Inc., is strategically positioned to benefit from this market performance as it continues to progress toward the launch of its expansive classic gaming library. Moving forward, the company plans to license its vintage video game titles while republishing the most popular games for modern platforms, such as smartphones, modern game consoles, PCs and tablets. By leveraging the intellectual property portfolio of Amiga, WRIT will be able to market proven games that address a significant market demand without facing the considerable costs and risks associated with producing new content.
Utilizing a cross-platform design for its applications, WRIT plans to inexpensively distribute its vintage content across a variety of popular devices. As a result, the company will be able to expand the market potential of each release without significantly affecting its production schedule or budget. Since the games have already been released on vintage gaming platforms, the company also has access to a high level of market data about its titles that gives it a definitive strategic advantage in directing its budget toward its most marketable and successful games.
As the mobile gaming market continues to expand, WRIT is in a strong position to capitalize through its library of vintage gaming titles. Look for the company to continue making progress toward the launch of its mobile platform in the months to come, potentially providing a platform for sustainable financial growth in the future.
For more information about the company, visit www.writmediagroup.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
According to a report by Digi-Capital, the global video gaming industry is expected to be worth more than $100 billion within the next three years as demand for mobile games continues to rise in line with increasing global smartphone penetration. By 2017, the report forecasts that mobile and online gaming will account for as much as 60 percent of the industry’s total revenue, providing a substantial opportunity for leading mobile game developers – such as Electronic Arts (NASDAQ: EA), Glu Mobile (NASDAQ: GLUU), King (NYSE: KING) and Zynga (NASDAQ: ZNGA) – as well as smaller firms and startups to promote rapid growth in the coming months.
WRIT Media Group, Inc. (OTCQB: WRIT), through wholly-owned subsidiaries Retro Infinity and Amiga Games, Inc., is strategically positioned to benefit from this market performance as it continues to progress toward the launch of its expansive classic gaming library. Moving forward, the company plans to license its vintage video game titles while republishing the most popular games for modern platforms, such as smartphones, modern game consoles, PCs and tablets. By leveraging the intellectual property portfolio of Amiga, WRIT will be able to market proven games that address a significant market demand without facing the considerable costs and risks associated with producing new content.
Utilizing a cross-platform design for its applications, WRIT plans to inexpensively distribute its vintage content across a variety of popular devices. As a result, the company will be able to expand the market potential of each release without significantly affecting its production schedule or budget. Since the games have already been released on vintage gaming platforms, the company also has access to a high level of market data about its titles that gives it a definitive strategic advantage in directing its budget toward its most marketable and successful games.
As the mobile gaming market continues to expand, WRIT is in a strong position to capitalize through its library of vintage gaming titles. Look for the company to continue making progress toward the launch of its mobile platform in the months to come, potentially providing a platform for sustainable financial growth in the future.
For more information about the company, visit www.writmediagroup.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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