Streaming giant Netflix has acquired video game studio, Night School Studio and has simultaneously launched five mobile games in Europe
As Netflix moves further into the gaming market, expect more acquisitions to come.
Night School Studio is best known for its “Oxenfree” debut game and currently has multiple titles available on Playstation, Xbox, Switch and PC. The acquisition of Night School now gives Netflix its first non-mobile titles, which will be available to subscribers at no additional cost.
Earlier in the day of their acquisition announcement, Netflix released five mobile games in Spain and Italy. The “Stranger Things: 1984”, “Stranger Things 3: The Game”, “Card Blast”, “Teeter Up” and “Shooting Hoops” titles were released to subscribers who use Android devices.
“Stranger Things” titles were already available to subscribers in Poland.
A company spokesperson said, “We view gaming as another new content category for us, similar to our expansion into original films, animation and unscripted TV.”
As Netflix charges headfirst into gaming, expect the company to acquire additional studios, developers, and publishers as its need for new titles grows.
The gaming industry has been one of the fastest growing worldwide. Global user growth has been exceptional, and many see the industry as the next great investment space for the next 5 to 10 years.
Companies with unique and patented technology (and their investors) stand to be some of the biggest winners as continued M&A drives valuations higher.
Read more about the Netflix acquisition, HERE