Netflix has built its foundation with streamlined DVD rentals and ultimately on the “prestige” TV series that people talk about for a week before forgetting they even existed in the first place. head. Now, amid a rare financial stagnation, Netflix has a plan fully committed to the gameevery new report in washington articles.
Earlier this week, Netflix said it had lost 200,000 subscribers in the first three months of the year. That news, coupled with a forecast of a further loss of 2 million subscribers, sent the company’s shares down a staggering 35% – the company’s steepest drop in nearly 20 years, based on Bloomberg.
The Uploadspoke to “a source familiar with the company’s thinking”, reporting that Netflix plans to produce 50 games available before the end of the year. Among the crops is a mobile game based on Exploding Kittens, a popular if slightly brutal card game about exploding kittens that may or may not involve alcohol depending on who you play with. Netflix will also produce a show.
Usually, Netflix’s foray into video games is about IP licensing or tweaking hugely popular games to moderate success. Arcanean animated series based on League of Legends, had an absolute start. (The second part is planned but no release window.) Castlevania The series recently ended four successful seasons, with A series of sequels are in the works. And, of course, there is a huge culture that is The Witcher. Two live-action parts and one cartoon plus another live-action movie, it shows no signs of slowing down. Dota: Dragon’s Blood also exist.
Netflix has also followed in the footsteps of the video game industry’s biggest trend – the wholesale acquisition of smaller companies – and started to attract game development studios. The most remarkable thing so far is Oxenfree devs Night School Studios, which Netflix acquired last September. The studio’s next game, Oxenfree II: Lost signalis scheduled for release this year for Switch, PlayStation, and PC.
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Apparently, the streaming giant’s plans to step up the game were off to a good start before the loss figures were released this week. And the drop in subscriber numbers could be attributed to a number of factors, including the continuing pandemic and the rise of competing streaming services like HBO Max and Paramount+ (the only network ready to go). Show off Master Chief’s butt). But the message here is clear: There’s a lot of money in the game, and the non-gaming tech giants are getting a head start on it.
A Netflix representative did not immediately respond to a request for comment Kotaku.
