Thursday, October 16, 2014

WRIT Media Inc. (WRIT) Turns Old, Once-Popular Games into New Revenue

Gaming makes up the lion’s share of the mobile software world, with consumers buying games more frequently than any other type of app. An analyst at Macquarie Securities recently stated that “[gaming] is more important than people realize, it’s (actually) the fastest growing and highest margin business for Apple today.” The category is expected to grow between 40 and 50 percent this year alone. However, legacy publishers in the video game industry have been a bit slow to fully embrace mobile gaming.

No doubt the mobile gaming industry is hot. Digital games are ubiquitous and there are legions of new consumers flocking to the mediums. However, few new games catch fire with the masses and most flop. Yet there are a myriad of legacy games that have proven followings and desirability not yet adapted to the new mediums or embraced by new consumers. That’s where WRIT Media Group excels. The company leverages platform and classic game brands, coupled with proprietary technologies, to create new revenue from dormant (legacy) game libraries.

WRIT Media Group is a diverse digital media company with two operating divisions. The “retro” video gaming division is made up of Retro Infinity Inc. and Amiga Games Inc., which are videogame publishers of classic games for a wide range of devices. The other division is Front Row Networks, a content creation company focused on providing production, distribution and financing of live concerts, music documentaries, and family programs for theatrical and ancillary distribution.

Retro Infinity and Amiga Games specialize in licensing classic computer and console video game libraries and adapt and republish the most popular titles for smartphones, modern game consoles, micro-consoles, PCs, and tablets to create new revenue from classic games that have proven popularity and the ability to sell.

WRIT Media already has a deal with Microsoft, in which Retro Infinity/Amiga Games will initially deliver 50 games, and potentially up to 500 classic game titles to Windows 8 and Windows Phone 8. Both platforms will initially offer downloads for windows-based computers then will add additional titles and additional mobile platforms, such as Windows phone, iOS, and Android platforms, so that the video game titles can be downloaded as Apps on various mobile devices.

WRIT Media is rapidly turning legacy gaming into new revenue. Leveraging management’s nearly 50 years of industry experience and contacts, it looks like WRIT Media is well positioned to create a their own legacy in the explosive gaming industry.

For more information, visit www.writmediagroup.com

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