![]() ![]() Netflix has also developed titles based on video games, including The Witcher, Resident Evil and Arcane, based on League of Legends. The video games sector and Hollywood are becoming increasingly synergetic with hits like HBO’s The Last of Us, a television series that reached an average of 30.4 million viewers and was based on a 2013 video game. And it’s continuing to grow, with 2023 likely an inflection year, Morgan Stanley reported. Video gaming is the largest category of entertainment, earning $184 billion in 2022, which is more than the film and music industries, according to the Federal Trade Commission. The company has acquired four gaming studios, and while it didn’t disclose financial details for three of the acquisitions, one cost 65 million euros ($72 million). It is unclear if the business move will pay off. As of last year, less than 1 percent of Netflix users, or 1.7 million people, played the streaming giant’s games, CNBC reported. Users have to leave the Netflix app to download its games-a somewhat clunky process the company intends to update but not anytime soon, head of external games Leanne Loombe told Wired. Some of its games tie into series it owns, like Stranger Things and Too Hot to Handle. As the streaming industry matures and consumers increasingly pare down the number of platforms they pay for, a robust gaming offering could sway consumers to keep Netflix over its competitors. Its games are only available to Netflix subscribers. Its library offers 55 games, up from 35 six months ago, and the streaming giant is reportedly developing 40 more titles to release by the end of the year. In recent months, Netflix has worked to build out its gaming business. “In my work life, there’s nothing I love more than collaborating with others to build worlds filled with iconic characters, deep mysteries, and endless adventures,” he said on Twitter. Netflix is developing a cloud gaming service that will make cross-platform play easier, the Verge reported. For example, Netflix’s game Spiritfarer-where players build a virtual boat to transport spirits to the afterlife-can be played on PlayStation, Nintendo Switch, Xbox and on mobile. The game will be multiplatform, he said, which means users can play it on different gaming machines. ![]()
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