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Netflix ventures into the gaming world

Netflix (NASDAQ: NFLX) is the latest to acquire a video gaming developer, although not quite the deal size as that of recent acquisitions like Microsoft’s, TakeTwo’s, or even Sony’s.

What’s the lucky company?

Netflix is acquiring Finnish mobile games developer Next Games for $72 million.

Next Games is popular for developing games like “The Walking Dead: No Man’s Land” & Netflix’s very own “Stranger Things: Puzzle Tales”.

Netflix is already in the gaming industry, kind of…

With *much* less people being forced to stay at home since the Pandemic, Netflix was forced to rethink its product offerings.

Last November, the streaming giant announced its “Netflix Games” service on its mobile app, with this acquisition marking the first significant stride in Netflix’s gaming venture.