SPYR Free to Focus on Mobile Gaming Industry and Its Explosive Growth
May 03 2017 - 9:09AM
Marketwired
SPYR Free to Focus on Mobile Gaming Industry and Its Explosive
Growth
NEW YORK, NY-(Marketwired - May 03, 2017) - SPYR, Inc. (OTCQB:
SPYR) is set to focus all of its attention and capital on mobile
game and app development and mobile game publishing with the
restaurant division being spun-off into a separate publicly traded
company. With mobile game revenue up 53% worldwide in Q1 2017, it's
an industry that continues to show explosive growth.
In Q1 2016, mobile game revenue was $7.8 billion - so the $11.9
billion in revenue that the industry raked in during Q1 2017
suggests the industry is getting even healthier. And, with
sustained growth in mobile game revenue, increasing mobile game
installs, and an eSports industry that is steadily growing in both
popularity and revenue, these are all positive signs that SPYR
executives are making the right decision to allow the company to
operate with complete autonomy in the mobile gaming space.
The obvious future for SPYR is mobile gaming, and the obvious
path to the greatest revenue opportunities is with the company's
ability to publish quality mobile games. According to analysts at
Sensor Tower, revenue generated from the Apple app store grew 35%
to $6.6 billion in Q1 2017. This figure is up from $4.9 billion in
Q1 2016. Meanwhile, Google Play revenue grew 83% in Q1 to $5.3
billion, which is up from $2.9 billion a year earlier according to
Sensor Tower, a mobile app data measurement firm.
There aren't any signs that gamers are slowing down on the games
they download either, and as more and more players continue to look
for the latest games from both the Apple and Google Play app
stores, mobile game installs are also up in Q1 2017. Sensor Tower's
report states that there were 8.8 billion installs in Q1 2017 - up
15% from 7.6 billion in Q1 2016.
According to a Market Forecast for 2016-2021 released by App
Annie, gross consumer spending on games alone via all mobile app
stores is expected to exceed $105 billion by 2021. And App Annie
expects worldwide mobile app store downloads to exceed 352 billion
downloads in 2021, and total mobile app store revenue to surpass
$139 billion in 2021.
SPYR has been adamant about carving out a space in the eSports
market for its flagship free-to-play MMO game Pocket Starships
(www.pocketstarships.com) and any future games that the company
publishes using the same real time, cross platform engine that
Pocket Starships is built upon. It is this platform that should
make Pocket Starships and any other games SPYR publishes with the
same technology ideally suited for the "arena-style battles" that
draw tens of thousands of fans to watch teams compete head-to-head
for large cash prizes in sports arenas on television and online all
over the world. SPYR will now be freed up to focus on becoming a
player in the eSports market, a market that Newzoo forecasts will
grow to $1.5 billion by 2020.
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Stock Market Media Group is an exclusive publisher for news,
updates, alerts and information on SPYR, Inc. ["SPYR"]. Our
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press releases, and SPYR's legal disclosures made in SPYR's filings
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Counsel for Securities and Regulatory compliance, Mailander Law
Office, Inc.
Separate from the confirmed factual content of our articles
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precise, accurate, or current investment advice, or construed or
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starting point for doing additional independent research. We
encourage you to invest carefully and read the investor information
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Commission at: www.sec.gov, where you can also find all of SPYR's
filings and disclosures. We also recommend, as a general rule, that
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COMPENSATION DISCLOSURE
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operated on a month-to-month basis with SPYR. We agreed to publish
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Additionally, SPYR agreed to issue to us 250,000 shares of SPYR's
Restricted Common Stock. Our rights to sell any of this Restricted
Common Stock are subject to prior compliance with all U.S.
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