Groundbreaking Features Include “Freemium” Model Where Users Win Cash Prizes Via Both Free and Real Money Gaming India is the World’s Second Largest Gaming Market With 450 Million Casual Mobile Gamers in 2023 MUMBAI, India and TORONTO, Oct. 23, 2023 /PRNewswire/ – QYOU Media Inc., (TSXV: QYOU) (OTCQB: QYOUF) an organization working in India and the United States producing and distributing content material created by social media stars and digital content material creators, has introduced the launch of the most recent up to date model of its informal cell gaming app, Q GamesMela. The new launch marks the launch of a brand new “freemium” functionality whereby recreation gamers can win money prizes and awards by way of each free and actual cash gaming engagements. The app is designed to permit gamers with a variety of talent ranges to pick from a range of recreation play strategies together with single participant, multi participant and tournaments. In addition, money prizes can be awarded to winners in each the free and actual cash gaming contests with the chance to spice up winnings by combining them throughout both kind of gameplay. Games accessible embrace the addictive 2 minute gameplay of LUDO together with basic talent based mostly video games together with Gin Rummy, Solitaire and Call Break.
Q GamesMela (CNW Group/QYOU Media Inc.)
Q GamesMela brand (CNW Group/QYOU Media Inc.)
Q GamesMela can be concurrently launching a extra intensive advertising marketing campaign throughout social media and by way of influencer advertising. The firm can be working with a range of gaming influencers to advertise the brand new app, together with by way of their very own owned and operated influencer advertising company, Chtrbox. In addition, the app can be featured over the approaching months on the assorted Q owned and operated channels in India on each broadcast and linked TV platforms.
The gaming market in India continues to be one of the quickest rising on this planet. Most estimates predict practically 450 million players throughout all platforms in 2023 with forecasts for the person base to succeed in 642 Million in 2027, rising at a 5 12 months CAGR of 10.1%. Much of this development is being pushed by elevated smartphone penetration and availability of lower-cost smartphones, coupled with extra reasonably priced knowledge plans. India’s cell gaming market is anticipated to have 4.32 billion downloads in 2023 rocketing previous former international leaders together with the United States and Brazil.
Curt Marvis, CEO and Co-Founder, QYOU Media, commented “When we made the acquisition of Maxamtech Digital Ventures earlier this 12 months, Xerxes Mullan and his staff had been decided to get us into the market in 2023 with a first-class Q branded gaming app that mixed a novel set of options for each free and actual cash players. We are assured the brand new launch of Q GamesMela marks the start of bringing that product to market. We all know that the gaming market in India continues to be essentially the most dynamic of any nation on this planet and we really feel we’re in the precise place on the proper time with this launch. Moving ahead, we are going to proceed so as to add new options whereas leveraging our viewers on Q branded TV channels and by way of our rising community of influencer advertising relationships. We are assured this enterprise will start to have a fabric affect on our monetary efficiency within the quarters and years to return and couldn’t be extra thrilled with at present’s launch.”
About QYOU Media
One of the quickest rising creator-media firms, QYOU Media operates in India and the United States producing, distributing and monetizing content material created by social media influencers and digital content material stars. In India, below our flagship model, The Q and on linked TV, by way of channels Q Kahaniyan, Q GameX, Q Comedistaan & Sadhguru TV, we curate, produce and distribute premium content material throughout tv networks, VOD and OTT platforms, cell phones, good TV’s and app-based platforms. In addition, QYOU has quite a few extra content material locations, apps and gaming platforms partaking over 125 million Indian households weekly. Our influencer advertising firm, Chtrbox, has been a pioneer in India’s creator economic system, leveraging knowledge to attach manufacturers to the precise social media influencers. QGamesMela is a not too long ago launched informal gaming enterprise leveraging entry to the massive viewers loved by Q India merchandise. In the United States, we energy main movie studios, recreation publishers and types to create content material and market by way of creators and influencers. Founded and created by business veterans from Lionsgate, MTV, Disney and Sony, QYOU Media’s millennial and Gen Z-focused content material reaches a couple of billion customers all over the world each month. Experience our work at www.qyoumedia.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this launch.SOURCE QYOU Media Inc.
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