In a games industry that is consolidating at the top, Steampunk Wizards Inc (OTCMKTS:SPWZ) stands out as an intriguing consideration. That is partly because it could a buyout target or might have the answer to the complex questions that major names in its industry are grappling with.
Steampunk Wizards Inc (OTCMKTS:SPWZ) is the name behind Bungee Mummy games franchise. The company recently submitted a new game called Bungee Mummy: Reborn for Apple Inc. (NASDAQ:AAPL)’s iOS and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)’s Android mobile platforms. Bungee Mummy: Reborn is the main game of the Bungee Mummy franchise. It follows Bungee Mummy: Challenges, the first full game of the franchise. Bungee Mummy: Challenges was preceded by the trial game known as Bungee Mummy: King’s Escape.
Designing, developing, publishing and marketing digital games is a competitive business. It is the competition that that is pushing some major players to merge. Activision Blizzard, Inc. (NASDAQ:ATVI) is seeking to acquire King Digital Entertainment PLC (NYSE:KING) for $5.9 billion in equity value.
The digital gaming industry is also marred with struggling publishers with Zynga Inc (NASDAQ:ZNGA) being one of them. That leads to the question about whether Steampunk Wizards Inc (OTCMKTS:SPWZ) can crack the gaming code that has defeated its major competitors.
Looking at the progress of Steampunk’s existing titles, the trial game, Bungee Mummy: King’s Escape and the first full game, Bungee Mummy: Challenges, you get the impression that the company is on the right path.
Leveraging the feedback obtained from King’s Escape, Steampunk Wizards Inc (OTCMKTS:SPWZ) released Bungee Mummy: Challenges in August 2015, which was a more successful title than the predecessor. Bungee Mummy: Challenges has been downloaded more than 12,279 times and featured among top 100 and top 500 Arcade games in different countries. The game has also attracted average review rating of 4.7 out of 5 in an open forum.
Bungee Mummy: Reborn
Bungee Mummy: Reborn, the main game targeted for the Christmas release, is a multilevel title exhibits improved gameplay and enhanced graphics. The initial 10 levels in the Challenges are free but players have to pay to unlock higher levels, thus helping Steampunk to generate revenue. Besides in-game purchases, Steampunk also generates revenue through advertising.
Bungee Mummy: Reborn is set on the path of success given that the earlier titles in the franchise have established a ready market for it.
The success of Bungee Mummy: Reborn should enable Steampunk Wizards Inc (OTCMKTS:SPWZ) to expand its portfolio and perhaps make the company more attractive as an acquisition target for the major rivals seeking to boost their internal efforts.