BusinessNetflix dives deeper into video games, building its own...

Netflix dives deeper into video games, building its own studio



Netflix is wading deeper into the video game industry waters, announcing plans to establish an internal games studio in Helsinki, Finland.

This will be the fourth video game studio under the Netflix label, but it’s a notable shift in that this is the first time the company has built it from the ground up, versus acquiring an existing one.

“This is another step in our vision to build a world-class games studio that will bring a variety of delightful and deeply engaging original games — with no ads and no in-app purchases — to our hundreds of millions of members around the world,” the company said in a statement.

Netflix has tapped Marko Lastikka as studio director. Lastikka is a 19-year veteran of the mobile games business, having worked with both Electronic Arts and Zynga, where he served as a VP and general manager. He co-founded Zynga’s Helsinki studio, which was responsible for the game FarmVille 3.

He follows former Zynga chief creative officer Mike Verdu, who joined Netflix last year as vice president of game development.

Netflix is moving into the video game space as its subscriber growth slows and customers grow weary of streaming video after binging so much during the heart of the pandemic. The company, last July, announced it would begin adding games to its subscription plans at no additional cost.

“We view gaming as another new content category for us, similar to our expansion into original films, animation and unscripted TV,” it said at the time.

Netflix, to date, has roughly 30 games available in its library, which is largely a hit-or-miss assortment that leans a bit heavy into Stranger Things. However, the company has yet to have a breakout title.

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.



Original Source Link

Latest News

Nancy Pelosi Has Hip Replacement After Fall

After suffering a fall and fracturing her hip, former speaker and current Rep. Nancy Pelosi has had a...

Short bursts of physical activity cut women’s risk of heart attack

Even just a few minutes of vigorous movement per day lowers the risk of serious cardiovascular problems, like...

Richmond equity firm purchases Sedgefield Apartments in Winston-Salem for $18.4 million

Elliott Properties, which launched just earlier this year, also recently purchased an apartment community in Greensboro for $8...

India’s Former Prime Minister Manmohan Singh Dead At 92

NEW DELHI (AP) — India’s former Prime Minister Manmohan Singh, widely regarded as the architect of India’s economic...

Must Read

A fiscal fight is brewing in the court of Donald Trump

Unlock the White House Watch newsletter for freeYour...
- Advertisement -

You might also likeRELATED
Recommended to you