DENVER, CO--(NewMediaWire - Oct 5, 2017) - SPYR, INC. (OTC
PINK: SPYR), a holding company with a wholly owned subsidiary
in the mobile game & app development and publishing industry,
today commented on Newzoo's latest quarterly update of the Global
Games Market Report.
Newzoo is a global leader in games, esports, and mobile
intelligence and recently released its 2017 Global Games Market
Report. SPYR's CEO and President, James R. Thompson, believes
the report validates the company's current strategy for moving
forward in the games industry.
James R. Thompson stated, "With Newzoo reporting that games
revenues of the top 25 public companies is up 20 percent to over
$41 billion in the first half of 2017 as compared to 2016, it is
clear that we've chosen the right direction for SPYR. As we
continue to grow our company and further develop our flagship game
Pocket Starships, our plan to add more games to our current
portfolio, with an emphasis on mobile, the largest segment, and our
efforts to implement an aggressive acquisition strategy are
validated by an industry report like this latest update from
Newzoo."
Newzoo states in its latest report, "This year is a landmark in
the history of the games market, with revenues exceeding the $100
billion mark to total $109 billion. Five years ago, when Newzoo
launched its first Global Games Market Report, global revenues
amounted to approximately $70 billion. A growth of 56% in five
years illustrates how game companies have not only pioneered new
ways of engaging and entertaining consumers, but have also led the
way in innovating business models to suit the digital age. The
future outlook for games has never been better but requires a new
way of looking at the market."
The latest quarterly update of Newzoo's Global Games Market
Report also stated, "Traditional boundaries between games, media,
telecom, and sports industries are disappearing and sparking new
partnerships and M&A activity across the globe."
Get your copy of the Newzoo report at:
(https://newzoo.com/insights/trend-reports/newzoo-global-games-market-report-2017-light-version/)
About SPYR
SPYR, INC. is a holding company that through its wholly owned
subsidiary SPYR APPS, LLC, is engaged in mobile application and
game publishing and development. The Company is currently
exploring opportunities for additional acquisitions in these and
other verticals, including mobile application and game development,
in order to expand its holdings, to drive and increase revenue and
to generate profits and build value for shareholders.
Safe Harbor Statement:
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assumptions about future events. Although we believe that the
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our filings with the Securities and Exchange Commission that can be
accessed over the Internet at the SEC's website located
at http://www.sec.gov, as well as SPYR's website located
at http://www.spyr.com, and SPYR's community channel on
Twitter located at https://twitter.com/spyrinc.