Netflix plans to close two gaming studios, including one in Hollywood
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Set us as preferred Netflix said it is in the process of closing two of its gaming studios, as the division is making another round of organizational changes.The Los Gatos streamer said it closed the Hollywood-based gaming studio Night School, the maker of narrative games like “Oxenfree” on Thursday and has proposed to close Helsinki-based gaming studio Moonloot.Night School was the first game developer Netflix purchased in 2021 as it expanded into gaming.
At the time, the streamer was under pressure by investors to diversify its content to attract more customers, after experiencing two quarters of subscriber losses in 2022.Night School viewed the acquisition at the time as “such a natural pairing” as the gaming studio wanted to stretch its narrative aspirations on original games and Netflix has a reputation of giving TV and film creators an “unprecedented canvas” to bring entertainment to millions of people, according to a blog post on its website.
Hollywood Inc.Since 2021, Netflix has expanded its reach in gaming but with mixed results.
The company is launching several TV games this holiday season for families — will this help generate the popularity for games that Netflix seeks?In an email, a Netflix spokesperson said they are eliminating roles because the company believes it can operate more strategically and efficiently in its games business.The spokesperson declined to provide the number of workers affected.
Last year, the company shut down Boss Fight Entertainment, one of the gaming studios it acquired in 2022.Games on Netflix has had mixed results.At the end of 2024, Epic Games executive Alain Tascan joined Netflix as president of the division and under his leadership, it has focused on key areas including kids, party games like Netflix Minigolf, narrative games and mainstream games like “FIFA World...