Netflix's Gaming Shift: What's Next After Studio Shutdown?

Netflix has decided to close Boss Fight Entertainment, the team behind the popular game "Squid Game: Unleashed. " This move shows a change in Netflix's gaming plans. The studio's co-founder, David Rippy, shared the news on LinkedIn. He thanked everyone for the time spent at Netflix. Another director, David Luehmann, also shared his thoughts. He mentioned that after over ten years, the studio is closing. Even though the studio is shutting down, the games "Squid Game: Unleashed" and "Netflix Stories" will still be available on the platform. This news comes as Netflix tries to make more money through gaming and ads. The company is now focusing on different types of games. These include party games, story-based games, kids' games, and games for TV.Netflix's recent earnings report showed a 17. 2% increase in revenue compared to last year. However, this was slightly below what experts expected. The company also shared its plans for the next quarter. They expect to make even more money from memberships, higher prices, and ads. Despite the positive long-term outlook, Netflix's stock has seen some ups and downs. It dropped a bit during trading and after-hours. This shows that investors are watching closely. The company's focus on gaming and ads is part of a bigger strategy. They want to grow beyond just streaming shows and movies.