The streaming giant is open to the right opportunities
After acquiring its first game studio, Netflix has assured investors it won’t rush to buy more — but will turn down a good opportunity.
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(via) during an earnings call earlier this week VGC), Netflix COO Gregory Peters explained the company’s strategy in terms of gaming.
“This is something that would be opportunistic,” he explained. “I would say don’t expect us to tear down, buy spree or anything like that. It’s going to be one of the tools we use, and we’ll use it opportunistically when we find a great opportunity out there.”
Just last month, Netflix bought Night School Studios – the developers behind the indie hit, oxenfree.
“We’re particularly excited about that team because they really — what they’ve done is to try and explore the core story and narrative as essentially the central game mechanic,” Peters said. “We think that fits really with what we’re trying to do. So, it’s been great to have them on board and get involved and hear their thoughts and ideas. And I look forward to seeing them for years to come.” It will be a prosperous partnership.”
The game follows a group of friends as they accidentally open a supernatural crack. upcoming sequel, Oxenfree II: Lost Signal Will expand this rich universe.
“You can tell from our track record, we are quite selective when it comes to M&A,” said Spencer Wang, Netflix VP of Finance. “But as Greg said, when an opportunity presents itself, where we think we’re aligned with the company, I think it’s an opportunity that we’ll take. But again, it’s not — Nothing more than that.”
Meanwhile, the GTA Trilogy remaster is coming soon, with various games from the trilogy debuting on Xbox Games Pass and PlayStation Now.
Elsewhere, Stardew Valley creators ConcernedApp are working on a new game.