Home News Netflix acquires a new video game studio, Next Games

Netflix acquires a new video game studio, Next Games

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After getting hold of the creators of Oxenfree to enhance the Netflix Gaming catalog, the SVOD giant announces the upcoming acquisition of another studio.

Netflix is ​​getting more and more involved in gaming since the launch of its Games tab on the SVOD platform. In addition to offering its own mini-games and internal licenses, the video giant is forging partnerships to swell the catalog and recently offered its first “real studio” Night School.

From now on, Netflix announces the start of an agreement with Finland’s Next Games, specializing in mobile games. A transaction estimated at 65 million euros, in cash with the redemption of shares. “The board of directors has unanimously decided to recommend that shareholders accept this offer,” said the American giant.

This is Michael Verdu (ex-boss of VR at Facebook), vice-president of Games at Netflix, one of the many industry veterans recruited by the group, who is in charge of this file.

We are thrilled to have Next Games join Netflix as a lead studio in a strategic region and key talent market, allowing us to expand our in-house game studio capabilities. Although we are just getting started in the games business, I am confident that together with Next Games we will be able to build a portfolio of world-class games that will delight our members worldwide.

The studio has 120 employees and has grossed over 27 million euros in profits in 2020, thanks to in-game revenue in its mobile games. We owe them in particular… Stranger Things: Puzzle tales or The Walking Dead: Our World. Yes, series broadcast on Netflix, amazing isn’t it?

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Source: www.prnewswire.com

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