SPYR Expected to Join Fast Growing eSports Market in 2017 as Industry Revenue Increases
NEW YORK, NY -- (Marketwired) -- 01/25/17 -- 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.