Mobile Gaming Market Grows to $9 Billion as OBJE Readies Debut Gaming App
SARASOTA, Fla.--(BUSINESS WIRE)-- As Obscene Interactive and its partners enhance the new beta version of their debut gaming app, Phantasmic, the market that awaits the game is growing even faster than the company could have anticipated.
According to a new publication by mobile gaming market research firm Newzoo, there are now more than 500 million mobile gamers worldwide—and they’re spending more than $9 billion annually on their favorite hobby.
“The mobile gaming market’s annual growth is now at 32 percent, and the revenue this industry generated in the U.S. alone increased by 16 percent year-on-year in 2012,” said OBJE CEO Paul Watson. “That makes mobile games one of the fastest-growing industries on the planet, and we’re doing all we can to capitalize on this unprecedented growth.”
Just five short years ago, computer monitors, arcade cabinets and television sets were the only places video games could be seen and played. Thanks to the explosion of smartphones and tablet computers, the time and money spent on games by consumers has risen by leaps and bounds.
Novalon Games, the game developer founded by a joint venture between OBJE and Source Street, is hard at work on two new gaming apps to be released this year. Final testing on the beta version 2 is already underway on the first, Phantasmic. Gamers and potential investors can check out Phantasmic’s free online demo at www.novalongames.com/phantasmic-demo.
Obscene Interactive is a division of OBJ Enterprises, Inc. that is working to develop innovative gaming products for the Apple (Nasdaq: AAPL ) App Store and Google (Nasdaq: GOOG ) Play platforms alongside companies such as Glu Mobile Inc. (Nasdaq: GLUU ) and The9 Limited (Nasdaq: NCTY ) .
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About Obscene Interactive
Obscene Interactive, a subsidiary of OBJ Enterprises, Inc. (OBJE), is an emerging global developer of social gaming applications. OBJE's cutting-edge technology platform enables its titles to be accessible to a broad audience of consumers all over the world, supporting multiple platforms for universal appeal. Obscene Interactive is focused on delivering the best in social gaming solutions to the mass market. For investment information and performance data, please visit www.ObsceneInteractive.com/investors.html.
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OBJ Enterprises, Inc.
Paul Watson, 941-952-5825
President and CEO
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