Netflix is the king of streaming with over 200 million subscribers, but now it looks like the platform is aiming to dominate a new form of entertainment: video games.
The company will offer video games on its service over the next year, according to a report by Bloomberg.
The outlet says video games will emerge as a new genre on the platform, similar to documentaries and stand-up specials.
Bloomberg did not go into details, but reported that Netflix (NFLX) has no plans to charge additional fees for access to the games.
Video games may seem like an odd game for Netflix, but with competitors like Disney (DIS) quickly catching up, Netflix is looking to see if it can do to video games what it did in Hollywood.
Video games aren’t just part of a multibillion-dollar empire, but offering them could give Netflix its next big thing – something critics say it needs right now.
Disney’s NBCUniversal and Comcast have a number of ways to make money, like selling Iron Man toys and Jurassic Park theme park rides, so companies’ revenue streams aren’t intrinsically tied to their new businesses. streaming, Disney + and Peacock.
However, this is not the case for Netflix.
The main driver of business revenue is related to every subscriber it brings in.
So far, business has exploded in this department, leading it to the top of the streaming mountain.
But, its growth is starting to seem a bit slow lately.
Netflix has sought to diversify, and video games could be a smart way to do it.
The gaming world is not completely foreign to Netflix.
The company announced a video game based on its original hit series “Stranger Things” in 2019.
Netflix has proven time and time again that it can be successful in bringing new forms of entertainment to its customers.
In the past, other companies have tried – and failed – to make streaming video games work.
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