Today’s gaming marketplace is clamoring loud and clear for
retro gaming. Lately there have been promotions for a major film centered on
classic arcade game characters and numerous old school gaming festivals around the
country that point toward a niche for the nostalgic. It is not hard to see that
the market potential for vintage video games is astounding. What’s additionally
exciting is that the white hot adoption of smartphones makes meeting this
potential ultra-accessible. WRIT Media Group, Inc. (OTCQB: WRIT), by way of its
wholly-owned subsidiary Retro Infinity, Inc., has its sight set on cashing in
on this demand as it brings the most popular retro gaming titles to their
customer base one consumer at a time.
Mr. Eric Mitchell, CEO of WRIT, stated in a press release
last spring, “The mobile gaming industry size is projected to be over $20
billion by 2016, and retro gaming is a huge part of that.” “Our company… has
the ability to generate substantial revenue over the next 6-12 months based on
our business model which is inexpensively licensing video game titles and
quickly getting them into the marketplace on one of the biggest electronic
platforms available right now, which is the smartphone.”
As the company names the smartphone app market as its
primary focus, WRIT is poised to see ongoing growth. A Bluecloud Solutions
report indicates that mobile app usage grew by more than 75 percent in 2014,
with the average U.S. consumer downloading 8.8 apps per month. In the past,
gaming app development has established a track record of being very costly.
Industry data suggests it’s not uncommon for mobile games to eclipse $100,000
in production costs. By licensing retro gaming titles and leveraging emulation
software, WRIT considers itself more than capable of entering the upward
trending mobile gaming industry without the steep capital figures once needed
to produce original content.
WRIT says it will provide access to its licensed titles
through an app for popular smartphone operating systems which include iOS and
Android. Unlike most game developers, WRIT could minimize risk by providing
proven titles to a market crying for retro options. Along with this
predictability comes the potential to deliver the energy necessary for
capitalizing on current demand in the market.
For more information about the company, visit
www.writmediagroup.com
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