Home Uncategorized Netflix acquires one other developer to construct ‘world class games’

Netflix acquires one other developer to construct ‘world class games’

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Netflix acquires one other developer to construct ‘world class games’

Netflix has made a proposal to amass Next Games, the Finland-based developer behind cell puzzle RPG Stranger Things: Puzzle Tales. In a blog post, Netflix’s VP of video games Mike Verdu stated that the acquisition was to assist the corporate “build a library of great games for our members to enjoy.” Next Games has additionally developed a pair of Walking Dead-themed cell video games.

The acquisition comes as Netflix is constructing a cell gaming service into its common subscription service. Netflix Games launched on iOS and Android final 12 months, and consists of a handful of cell video games which can be accessible free to obtain from app shops for Netflix subscribers, with no advertisements or in-app purchases.

“While we’re just getting started in games, 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 around the world,” Verdu writes.

So far, lots of the titles on Netflix’s gaming service have been developed by exterior companions. Its two video games primarily based on the Stranger Things franchise — Stranger Things: 1984 and Stranger Things 3: The Game — each listing Texas-based BonusXP as their developer. Netflix has additionally licensed the pre-existing recreation Asphalt Xtreme to supply solely to its subscribers. But with the acquisition of Next Games and Night School Studio final 12 months, it appears the streaming big is hoping to develop extra titles for its service in-house.

TechCrunch notes that acquisitions are comparatively unusual for Netflix, with simply 5 related to the streaming big on Crunchbase. But its transfer to amass Next Games comes because the likes of Microsoft and Sony are making main developer acquisitions, broadly seen as a manner of constructing out their respective gaming subscription providers.

Netflix is providing to acquire Next Games for €65 million (round $72 million), and Next Games’ board of administrators has beneficial that shareholders settle for the provide. The provide equates to €2.1 in money per share, which Reuters notes is over double its €0.93 closing worth yesterday. The corporations anticipate the transaction to finish within the second quarter of 2022.

Disclosure: The Verge is presently producing a collection with Netflix.

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