Nearly a yr and a half after launching its videogame platform, Netflix Inc. is leaning arduous into gaming, with plans to launch dozens extra video games this yr, along with nearly 100 in growth.
Netflix
NFLX,
stated Monday it plans to launch about 40 extra videogames over the remainder of 2023, along with 70 in growth with companions and 16 being developed by its in-house studio. That’s on high of the 55 video games it has launched since launching its first cell video games in November 2021.
“Our goal is to develop a broad portfolio of games — in different genres and formats,” Netflix stated in an announcement. “Members will discover indie darlings, award-winning hits, RPGs, narrative adventures, puzzle games and everything in between, and we’re working with the world’s leading studios to bring you these games.”
Touting the success of “Too Hot to Handle: Love Is a Game,” the videogame adaptation of its hit reality-dating present, Netflix introduced a sequel will come later this yr. Also within the works: “Mighty Quest: Rogue Palace,” an motion sport from Ubisoft
UBI,
coming in April, and Ustwo’s critically acclaimed puzzle video games “Monument Valley” and “Monument Valley II,” each coming subsequent yr.
Netflix has purchased various videogame studios in recent times in an effort to construct “a world-class games studio.”
In its earnings report in January, Netflix stated it had greater than 230 million world subscribers as of Dec. 31, 2022. But once-rapid development stalled for a lot of final yr, and Netflix is banking on video games to attract extra subscribers over the long run. “We view gaming as another new content category for us, similar to our expansion into original films, animation and unscripted TV,” the streaming firm instructed shareholders in 2021.
Currently, videogames are free for Netflix subscribers on its iOS and Android apps, and don’t have any advertisements or in-game purchases.
Netflix shares are up 3.5% yr up to now, however down 18.5% over the previous 12 months, in comparison with the S&P 500’s
SPX,
3% acquire in 2023 and 11.4% decline over the previous yr.
Source web site: www.marketwatch.com
