Business
Pocket Starships Could Be SPYR's Ticket to Growing Revenues in a Fast-Growing Digital Games Market
Pocket Starships Could Be SPYR's Ticket to Growing Revenues in a Fast-Growing Digital Games Market.
About this update from Spyr, Inc.
[{"type":"text","content":"\nPocket Starships Could Be SPYR's Ticket to Growing Revenues in a Fast-Growing Digital Games Market\n\nPocket Starships Could Be SPYR's Ticket to Growing Revenues in a Fast-Growing Digital Games Market\n\n\n NEW YORK, NY--(Marketwired - May 26, 2016) - When SPYR, Inc. (OTCQB: SPYR) moved into the mobile game & app development and publishing industry, a decision was made early on to surround the company with successful industry names, and to partner with reputable third-party developers to publish quality mobile games. Well, the company has done both, and its recent agreement to publish the free-to-play Massively Multiplayer Online Game or MMO, Pocket Starships, may just lead to the game becoming SPYR's \"diamond in the rough.\"Industry sources report that digital gaming generated $80 billion in revenues last year, and the industry isn't stopping there with a projected $104 billion in revenues by 2018. With these numbers, companies like Electronic Arts and Activision Blizzard have thrived in the market; however, with the digital games market booming, there is certainly room for more players who come to the table with a game that has mass appeal.By making a deal to publish Pocket Starships, SPYR has invested in the expertise of Lars Koschin, who is the architect behind the development of Pocket Starships and is regarded as one of the industry's most prolific individuals and technical minds. Koschin is a successful MMO management specialist and entrepreneur. He also sits on SPYR's advisory board, which is the same position he enjoyed at Wargaming, the producer of the award-winning \"World of Tanks\" -- one of the most successful MMO games ever.The good news for SPYR's investors is that Lars Koschin is bringing to Pocket Starships the same model that was used to make World of Tanks successful. In the last three years alone, World of Tanks generated more than $1.3 billion, and with Koschin, SPYR gets the know-how and the formula for success, while reducing the risk to its own shareholders.Since Paul Thind took the helm of SPYR's games business as its Managing Director of Games and Applications, SPYR has been using a publishing model that greatly reduces the company's risk, and it has done so again with Pocket Starships. Because the MMO game has already been developed, SPYR avoids the expense of funding an idea through the long d...