Scottsdale 8/28/2015 8:00:00 PM
News / Stocks

QualityStocks News - WRIT Media Group, Inc. (WRIT) Leverages Subsidiary Footholds in Digital Media Industry

QualityStocks would like to highlight WRIT Media Group, Inc. (OTCQB: WRIT). The company produces films, television programs, and entertainment programs for various media formats. WRIT Media Group owns Front Row Networks, a content creation company providing production, distribution, and financing of live concerts, music documentaries, and family programs for theatrical and ancillary distribution; and the “retro” video gaming companies, Retro Infinity Inc. and Amiga Games Inc. which are leading videogame publishers of classic games, including the Amiga brand, for a wide range of smartphones and mobile devices.

In the company’s news,

WRIT Media is focused on theatrical, mobile and interactive content, operating in the digital media industry as a holding company under two different divisions: content creation through Front Row Networks; and “retro” video gaming through Retro Infinity Inc. and Amiga Games Inc.

Front Row Networks was started to produce, acquire and distribute live concerts in 2D and 3D format initially for worldwide digital broadcast and eventually into digitally-enabled movie theaters. The subsidiary’s business model also calls for securing and distributing non-concert alternative theatrical programming, as well as the acquisition of rights for exclusive programming.

WRIT’s Retro Infinity subsidiary specializes in licensing classic computer and console video game libraries and adapts and republishes the most popular titles for smartphones, modern game consoles, micro-consoles, PCs and tablets. The company’s strategy is to leverage platform and classic game brands, along with proprietary technologies, to create new revenue from dormant but once-popular game libraries.

Amiga Games shares resources with Retro Infinity to adapt and republish the most popular titles from the Amiga family of computers for smartphones, modern game consoles, micro-consoles, PCs, and tablets. WRIT leverages the Amiga brand along with game brands of the past and proprietary technologies to create new revenue from classic games that with strong historical sales performance.

According to the Entertainment Software Association (ESA), the WRIT’s potential market stems from the 155 million Americans that play video games. As the industry continues to churn out new games that enable players to be more collaborative, the numbers of global participants rapidly grows. The ESA’s report also shows that frequent gamers (47%) find more value for their money in computer and video games than DVDs, movies and music.

By focusing on re-introducing popular games from the past, WRIT and its subsidiaries have the opportunity to cater to younger and older generations of gamers looking for both new and familiar game-playing challenges.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.