CORAL SPRINGS, Florida, December 1, 2015 /PRNewswire/ --
Digi-Capital forecasts that games software revenue will grow from $88 billion in 2015 to $110 billion by 2018 at 8% annual growth with Mobile games projected to generate more revenue than online games in 2015, as well as more revenue than console software. Leading gaming publishers in the news are Tapinator, Inc. (OTC: TAPM), The9 Limited (NASDAQ: NCTY), Activision Blizzard, Inc. (NASDAQ: ATVI), Zynga, Inc. (NASDAQ: ZNGA) and King Digital Entertainment (NYSE: KING)
Tapinator, Inc. (OTC: TAPM), an emerging company within the mobile gaming industry, is pleased to announce it has partnered with MGM Interactive, a subsidiary of Metro-Goldwyn-Mayer Studios (MGM), to build a mobile game based on the legendary ROCKY movie franchise.Tapinator expects to launch the free-to-play mobile game worldwide in Q2 2016, coinciding with ROCKY's 40th anniversary. "We are very excited to work with MGM in bringing ROCKY to mobile. Having grown up as a huge fan of the ROCKY movies and the Rocky Balboa character, it is a privilege to now bring this storied franchise to mobile devices," said Tapinator CEO, Ilya Nikolayev. "To date, Tapinator has launched seven games that have been featured in 'Best New Games' on iOS and the Company has created thirty-seven titles, each with over one million players. We look forward to making ROCKY one of our most successful games in 2016."
Read the full TAPM press release at http://www.financialnewsmedia.com/profiles/tapm.html
ROCKY follows the story of an uneducated, blue-collar worker turned famous boxer who inspired a nation to cheer for the "everyman" triumphing over all odds. The boxing saga launched in 1976 with the release of the original ROCKY, which was the highest grossing film of the year, producing an iconic Billboard #1 theme song, and was nominated for 10 Academy Awards®, winning three, including Best Picture. Spawning five sequels in a thirty-year period, from ROCKY II in 1979 to ROCKY BALBOA in 2006, the legendary franchise is one of Hollywood's most successful collections of stories ever produced.
In other gaming/publisher news and happenings: The9 Limited (NASDAQ: NCTY), an online game developer and operator, announced last week that its joint venture Oriental Shiny Star Limited ("JVC") has entered into a license agreement with Smilegate Entertainment, Inc. ("SG"), a leading Korean game developer, for publishing and operating Cross Fire 2 on an exclusive basis for a five-year term in mainland China. In consideration for the exclusive license, JVC will make an upfront payment of US$50 million and additional payments totaling US$450 million based on certain development and operation milestones, as well as royalty payments based on future sales.
Skylands is abuzz with the holiday spirit and ready to supercharge kids' holiday wish lists with special toys, a new Skylanders® SuperChargers Racing Action Pack, Skylanders merchandise, Black Friday deals and more. To kick-start the season, Activision Publishing, Inc., a wholly owned subsidiary of Activision Blizzard, Inc. (NASDAQ: ATVI), is offering a special holiday Skylanders® SuperChargers character Missile-Tow Dive-Clops. The fun-loving character is a heavily armored deep sea explorer with an eye out for evil who slows enemies with candy-coated missiles. Missile-Tow Dive-Clops is available in Europe in late November, and in the United States and Canada on December 2, first at GameStop and EB Games, respectively
Zynga (NASDAQ: ZNGA), a leading social game developer, recently announced the launch of Princess Bride Slots, the company's latest Social Slots offering. The free-to-play game is available now on the App Store for iPhone and iPad, Google Play, the Amazon App Store for Kindle devices and Facebook. "We are excited to bring our players and Princess Bride fans around the world a fun, free way to engage with one of their all-time favorite movies," said Joe Kaminkow, Zynga's Chief Game Designer and Senior Vice President of Slots.
King Digital Entertainment (NYSE: KING) thoughts: KING closed up on Monday (11/30/15) on high trading volume of 13Mil shares closing at $17.69. Many investors, including Carl Icahn or Stan Druckenmiller, have been saying for a while now that the current market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the third quarter, many investors lost money due to unpredictable events such as the concerns over Valeant's drug pricing policy that led to an overall drop among pharma stocks. Nevertheless, many of the stocks that tanked in the third quarter still sport strong fundamentals and their decline was more related to the general market sentiment rather than their individual performance and hedge funds kept their bullish stance. In this article we will find out how hedge fund sentiment to King Digital Entertainment PLC (KING) changed recently. Source: http://www.insidermonkey.com/blog/is-king-digital-entertainment-plc-king-a-good-stock-to-buy-394746/
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