Netflix buys game development studio Next Games

Next Games is responsible for games such as Stranger Things: Puzzle Tale, The Walking Dead: Our World, and The Walking Dead: Our World.

Netflix, a renowned streaming video content provider, is purchasing Next Games, one of the most important game producers in the mobile gaming sector, for $72 million. Following the purchase announcement, it was revealed that the Finnish developer and Netflix had been working on new projects for some time.

A big move from Netflix

Next Games is a tiny independent firm based in Finland that has managed to establish itself as one of the leading mobile game developers owing to agreements with Netflix and AMC. This is because the Finnish indie company has three games to its credit that have caught the attention of mobile gamers, which are: Stranger Things: Puzzle Tale, The Walking Dead: Our World, and The Walking Dead: Our World.

The deal is slated to be completed in the second quarter of 2022 and will cost around $72 million. This is because Next Games’ board of directors has advised investors to liquidate their stock.

This acquisition demonstrates Netflix’s commitment to entering the video game industry, as seen by its acquisition of Night School Studio, the creators of Oxenfree and Afterparty. Both firms will now produce their own games under the platform’s umbrella, and their output will most likely feed the library of the platform’s subscription-based mobile gaming service.

Netflix has a bright future ahead of it, and its plan to penetrate the video game sector is well on its way. We’ll have to keep a watch on the largest multimedia content streaming company’s future movements, as things might change dramatically before the end of the year.