|By Business Wire||
|March 18, 2014 05:00 AM EDT||
As OBJ Enterprises works to expand its roster of development partners in order to capitalize on the growth of the mobile gaming industry, worldwide spending on gaming apps has dramatically grown to a new record high.
According to global data compiled by market researchers AppAnnie and IHS, mobile gaming apps accounted for $16 billion in spending in 2013, up 2.9 times the previous year’s total. Digital games was far and away the largest content category for digital content spending last year, with spending totaling $34 billion, excluding apps.
The numbers in Asia were particularly impressive in 2013, where spending grew 4.4 times in Japan and 5.8 times in South Korea. Both are top markets for digital gaming applications.
Through its gaming divisions, Obscene Interactive and Novalon Games, OBJE is seeking out new development partners to help the company grow right alongside the explosive mobile industry. Last week, OBJE executives met with talented, fledgling gaming studios at SXSW Interactive, discussing a range of deals to market and develop hot new gaming technologies for a global marketplace. This week, representatives of the company will meet with emerging innovators at the Game Development Conference in San Francisco.
OBJE is working to partner with other independent gaming studios to deliver innovative and engaging gaming products for a $16-billion market alongside companies such as Glu Mobile Inc. (NASDAQ: GLUU) and The9 Limited (NASDAQ: NCTY).
About Obscene Interactive
Obscene Interactive, a subsidiary of OBJ Enterprises, Inc. (OBJE), is an emerging global developer of mobile applications for smartphones and tablet computers. OBJE is building a portfolio of popular gaming titles crafted to appeal to a broad audience of consumers all over the world, supporting multiple mobile platforms for maximum marketing value. Obscene Interactive is focused on delivering the best in social gaming solutions to a mass market in order to capitalize on the rapid expansion of the mobile app marketplace.
For investment information and performance data, please visit www.ObsceneInteractive.com/investors.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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