January 25, 2017 09:20 ET
SPYR Expected to Join Fast Growing eSports Market in 2017 as
Industry Revenue Increases
NEW YORK, NY-(Marketwired - January 25, 2017) - SPYR, Inc.
(OTCQB: SPYR) spent 2016 investing in the company's future,
continuing to build the infrastructure to compete in the mobile
games industry, and rounding out its world-class team of industry
experts. The biggest prizes in 2016 were the publishing of the
company's flagship game, Pocket Starships, a real-time,
cross-platform space-themed MMO game, and a deal it made later in
the year that gives SPYR the option to purchase all of the
intellectual property and assets related to Pocket Starships.
It is with Pocket Starships that SPYR expects to make its
entrance into the fast-growing eSports market. Interestingly, just
as SPYR is growing, so too is the burgeoning eSports craze, and,
because the industry is so young, there aren't many games competing
for revenue dollars in the space yet. At the same time, advertisers
and sponsors like Coca-Cola and Nissan are pouring into the
industry raising the annual eSports revenue close to the
billion-dollar mark.
Research firm SuperData, the world's leading provider of market
intelligence covering the entire video game market across mobile,
PC, and console, reported an estimated total of $892.8 million of
revenue in eSports for the year 2016. The firm estimates that
revenue will climb to over $1 billion in 2017 and continue to climb
to over $1.2 billion by 2019. SuperData also reported that the
number of eSports viewers for 2016 drastically increased to 214
million up from last year's 188 million, and it estimates that the
worldwide eSports audience will grow to over 300 million viewers in
the next 2 years.
SuperData says that the increase in the worldwide audience is
due to several publishers turning popular titles like Rocket
League, Hearthstone, and League of Legends into eSports games, much
like SPYR is currently working toward with Pocket Starships.
Because Pocket Starships is one of the only true cross-platform,
real time games of its kind on the market, it is ideally positioned
for both the eSports audience and mobile eSports gamers alike.
Pocket Starships is available to gamers on a wide range of
platforms and devices, including iOS, Android, tablets, PCs, Macs,
Kindles, Amazon and Facebook. For this reason, the company's game
and its real-time space battles can be perfectly molded into an
eSports tournament-style format.
For much of 2016, SPYR was developing new content and strategies
for Pocket Starships, some of which was included in the
long-awaited release of the Hivespawn Expansion in September. It
was an expansion that added an entirely new "Player vs.
Environment" component to the game with the introduction of the
Hivespawn alien race. The expansion in the Battle Arena
Role-Playing Game and real-time Strategy Space Combat Game included
new ships, weapons and other game-related items. With the
wide-ranging updates and additional content in place, SPYR should
spend even more time getting Pocket Starships ready for its eSports
debut sometime in 2017.
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SOURCE: SPYR, Inc.
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