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
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