Business
SPYR Acquires Ownership of Battlewack: Idle Lords Game and Intellectual Property
SPYR Acquires Ownership of Battlewack: Idle Lords Game and Intellectual Property.
About this update from Spyr, Inc.
[{"type":"text","content":"\n\n\n\nSPYR Acquires Ownership of Battlewack: Idle Lords Game and Intellectual Property\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSPYR Acquires Ownership of Battlewack: Idle Lords Game and Intellectual Property\nPR Newswire\nDENVER, July 18, 2017\n\n\n\nDENVER, July 18, 2017 /PRNewswire/ -- SPYR, INC. (OTCQB: SPYR), a holding company with a wholly owned subsidiary in the mobile game & app development and publishing industry, today announced that its wholly owned subsidiary, SPYR APPS, LLC, has acquired all assets related to the game Battlewack: Idle Lords.  \n\nBattlewack: Idle Lords is a free-to-play battle game in which players hire a team of heroes to crush waves of their enemies.  The game was developed by Kemojo Studios and is similar in concept to Kemojo's successful game, Tap Cats: Idle Warfare, though Battlewack has a completely different design concept targeting more of a mid-core audience and allowing for grouped multi-player game play. \n\nBattlewack falls into the \"idle tapper genre,\" which is very popular and perfect for mobile devices as it allows the game to progress while the player is away. The heroes will continue to battle in \"offline mode,\" earning experience points and gold.  The player can then log back into the game at any time to spend those earnings on upgrading the heroes allowing them to defeat stronger enemies. Like the game play in Tap Cats, heroes can be collected, upgraded and evolved.  Players can purchase \"rare\" heroes to speed up their progression and defeat more complex challenges.\n\nIn September of 2016, SPYR announced that it had entered into a publishing agreement for Battlewack pursuant to which SPYR would publish the game and share in the revenue it generated.  As a result of this new agreement, SPYR will now receive all of the revenue generated by the game, own all of the Battlewack specific intellectual property, and has a perpetual, worldwide, royalty free license to use and modify any and all Battlewack assets for its own purposes, as it may deem appropriate, in its sole and absol...