Digital Entertainment & Electronic Gaming Focus on Strategic Partnerships & New Production Opportunities - Company Invests in iOS Music Application
CORAL SPRINGS, Florida, July 17, 2014 /PRNewswire/ --
Companies in the digital entertainment sector prepare to announce earnings; others dive into EDM market & music app acquisitions: Tapinator, Inc. (OTC: TAPM), Glu Mobile, Inc. (NASDAQ: GLUU), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG) and SFX Entertainment Inc. (NASDAQ: SFXE)
Tapinator, Inc. (OTC Pink: TAPM) is pleased to announce that it has completed its first strategic investment initiative into Crossfader, an iOS music application that is designed to give its users the power to mix and match existing songs - to act as their own DJ, thereby allowing them to participate in the music creation process.
By tilting and turning their phones, users are able to easily create unique song combinations. Similar to how Instagram (acquired by Facebook) made photo creation fun and accessible to anyone with a mobile device, Crossfader strives to do the same for song creation. Apple has featured the application on four occasions as a Best New App.
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The application is especially appealing to EDM (electronic dance music) fans. The EDM market is estimated to be between $15-20 Billion and is growing by over 10% per year. Ilya Nikolayev, CEO of Tapinator, stated, "We believe that this represents the first of many cross marketing and development opportunities. This one is very exciting because of the intrinsic connection between Tapinator's rapidly growing games portfolio with over 20 million users and the electronic dance music medium and its community. Our goal is to explore opportunities to enhance the quality of our games offering with the Crossfader investment and to expand our potential universe of users, as well as to continue to locate new emerging mobile applications and markets."
Glu Mobile, Inc. (NASDAQ: GLUU) a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced that it will report its financial results for the second quarter ended June 30, 2014 after the U.S. markets close on Wednesday, July 30, 2014. In conjunction with this announcement, Glu will host a conference call on July 30, 2014 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the company's financial results. To access this call, dial (866) 582-8907 (domestic), or (760) 298-5046 (international), with conference ID #71612899. A replay of this conference call will be available between 4:30 p.m. PT, July 30, 2014 and 8:59 p.m. PT, August 6, 2014 by calling (855) 859-2056, or (404) 537-3406, with conference ID #71612899. A live webcast of this conference call will also be available on the investor relations portion of the company's website at http://www.glu.com, and a replay will be archived on the website as well.
Apple Inc. (NASDAQ: AAPL) and IBM (NYSE: IBM) recently announced an exclusive partnership that teams the market-leading strengths of each company to transform enterprise mobility through a new class of business apps-bringing IBM's big data and analytics capabilities to iPhone® and iPad®. The landmark partnership aims to redefine the way work will get done, address key industry mobility challenges and spark true mobile-led business change-grounded in four core capabilities: a new class of more than 100 industry-specific enterprise solutions including native apps, developed exclusively from the ground up, for iPhone and iPad; unique IBM cloud services optimized for iOS, including device management, security, analytics and mobile integration; new AppleCare® service and support offering tailored to the needs of the enterprise; and new packaged offerings from IBM for device activation, supply and management.
Google Inc. (NASDAQ: GOOG) a technology company, builds products and provides services to organize the information. The company offers Google Search, which provides information online; Knowledge Graph that allows to search for things, people, or places, as well as builds systems that recognize speech and understand natural language; Google Now, which provides information to users when they need it; and Product Listing Ads that offer product image, price, and merchant information. On Wednesday, GOOG closed down slightly on over 1.3 million shares traded.
SFX Entertainment Inc. (NASDAQ: SFXE) and T-Mobile US, Inc. (TMUS) recently announced an expansion of their previously announced marketing partnership, with T-Mobile becoming a sponsor of SFX's most iconic festivals: TomorrowWorld, Electric Zoo and Mysteryland, in 2014 and 2015. TomorrowWorld, the second edition of which is scheduled for September 26-28 in Atlanta, Georgia, is one of the fastest growing U.S. dance music festivals. With more than 120,000 visitors in its first year, TomorrowWorld is expected to attract 150,000 visitors to this year's festival, featuring Avicii, Kaskade, Skrillex, Tiësto and Hardwell, among many more artists. It is the sister of the colossal European event, Tomorrowland. Electric Zoo is New York City's electronic music festival. Taking place on Randall's Island during Labor Day Weekend, the event has become one of the top destinations for performing DJs and electronic music fans on the east coast. Headliners for the Aug 29-31 event include David Guetta, Dada Life, Nicky Romero and Dimitri Vegas & Like Mike.
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