Game news Netflix: further acquisitions in sight after taking over Night School Studio (Oxenfree)?
Cinema and series are no longer enough for the American giant SVOD. To get even more entrenched in the entertainment sector, Netflix has decided to launch video games to bring mobile experiences to its subscribers without incurring any additional costs, according to the platform.
For more details on his video game ambitions, the Netflix platform used a conference call on the company’s results to discuss this point. It was also an opportunity for Netflix co-CEO Wilmot Reed Hastings to acquire Night School Studio, the developers ofOxfree and Oxenfree II: Lost Signals.
In fact, the surprise was total in late September when the American giant formalized this takeover. In response, many wondered what the platform is up to and whether it intends to continue that momentum in order to build a video game catalog strong enough to attract an even larger audience..
Salvation: the first in a long line?
Since several months, Netflix paves the way for video games and in particular recruited Mike Verdu, a former executive of Electronic Arts and Facebook, to put him in charge of that initiative in favor of an area of the video game platform.
At a meeting with the platform’s investors, Wilmot Reed Hastings and his management team have made their plans clear by announcing that they will not run a race
Again, this is something that will be opportunistic. So I would say we shouldn’t expect to get into a heartbreak, a shopping spree or anything like that. This will be one of the tools we will use and we will use it opportunistically when we find a good opportunity. – Gregory Peters, COO at Netflix
You can see from our track record that we are very selective in mergers and acquisitions. But like Greg said, when an opportunity presents itself and we feel we are in tune with the business, I think we will take that opportunity. – Spencer Wang, vice president of finance at Netflix
Gregory Peters also had a few words about the Night School Studio acquisition. The latter ensures that all members of society ” extremely excited “The idea of working with the developers at Oxenfree, especially because the studio values making history and narration the core mechanics of the game. An element that always in his opinion ” fits very very well with what we’re trying to do (on Netflix) ».
By Jinxeb, Write to igamesnews.com