Computer and video games have come a long way since the days of arcade classics such as Pac-Man and Frogger, as have those who play them. Widespread adoption of smartphones and other advanced mobile devices has put video games literally at the fingertips of a substantial percentage of the global population. According to a report by Digi-Capital, the gaming industry is expected to surpass $100 billion by 2017, and as much as 60 percent of that revenue is forecast to come from mobile and online gaming.
While industry-leaders such as Electronic Arts (NASDAQ: EA), King (NYSE: KING) and Zynga (NASDAQ: ZNGA) continue to grab market share with original titles costing millions of dollars to develop and market, WRIT Media Group, Inc. (OTCQB: WRIT), through the impending debut of its highly-anticipated Retro Infinity Player gaming software, is strategically positioned to capitalize on this market performance for a fraction of the cost.
When released, the Retro Infinity Player will allow gamers to take a stroll down memory lane without the need to locate old school PCs and gaming consoles. The software will enable gamers to play timeless classics created by legendary video game developers such as Amiga and Atari on a wide variety of modern electronic devices – including mobile phones, tablets, smart TVs and streaming set-top devices. By re-releasing classic video games from the late ‘80s and early ‘90s, WRIT plans to establish a presence in the mobile gaming market while avoiding the risks associated with new game development. Since its licensed titles have already been released, the company has a wealth of market data that should play a key role in helping it determine which games have the highest opportunity for success.
“Retro Infinity’s expertise and niche focus is a key factor in allowing us to bring our Amiga classic titles and other classic brands to these various platforms and to the retro gamer,” Eric Mitchell, president of WRIT, stated in a news release. “We are excited to introduce our best classic titles to both an old and new generation of players.”
Late last week, WRIT introduced a crowdfunding campaign designed to raise funds and gauge consumer interest for its upcoming gaming software. As that campaign moves forward, look for the company to continue progressing toward the impending release of the Retro Infinity Player, as well as a selection of classic gaming titles.
For more information about the company, visit www.writmediagroup.com
Update 9/21/15: WRIT Media Group has started a Kickstarter campaign to launch the Retro Infinity Player. For more details, visit: http://dtn.fm/writ-media-kickstarter
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