MIT Enterprise Forum of NYC, Inc. About Us Resources Contact Us
Space Upcoming Events
Events
Register for Events
Membership
Member Forum
Sponsors
Become a Sponsor
Space

MIT ENTERPRISE FORUM OF NEW YORK CITY, INC.

presents

Two Business Plans in Online Gaming

Game Trust

and

Odyssey Digital Entertainment

77 million online gamers are spending over $3 billion per year, making online games the fastest growing and most profitable part of the game industry. 50% of gamers are women. The Average age of the online gamer is 34 with 40+% of gamers over 25 years of age. Come see two early stage companies present their business plans.

Game Trust has the first and only middleware that "tournament enables" any video game, allowing players to win money playing their favorite games. Gaming and entertainment companies worldwide are licensing the software to start earning revenue from free game play. Players pay an entry fee to participate in a tournament, and this fee is divided between the prize amount, the licensee, and Game Trust. Entry fees have already surpassed $1 billion annually. Game Trust has deals in place with companies that reach 10% of the addressable market, and, just 15 days after launch, one licensee reported 100,000 registered players using the middleware.

Odyssey Digital Entertainment(ODE) was formed to become the leading publisher for digitally distributed games for the casual gamers. The casual gaming category is a hyper growth market expected to reach $1.2Bn by 2007. ODE aggregates and distributes game packages through a variety of digital channels and will seek to consolidate several game development houses. In addition ODE republishes successful offline games that fit casual gamers’ demographics, creating an aftermarket for these games. Leveraging its management teams experience with the online consumers, ODE will become the vehicle of choice for casual game publishing.

Panelists:

  • Michael Gartenberg, Jupiter Research
  • Gregory Belmont, Partner, Grand Central Holdings
  • Tom Halket, Partner, Bingham McCutchen LLP
  • Michael C. Bernstein, Managing Director, Geller & Company
Date: Wednesday, May 7th 2003
Time: 5:15pm: registration, networking and refreshments
6:00pm - 7:45pm: program
Place: The Lighthouse International, 111 East 59th Street (between Park Av. and Lexington Av.)