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Netflix’s new video game studio is a potentially bold—and risky—swing [Fortune]
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Contrary to the implication of its “originals” moniker, Netflix doesn’t actually produce movies and television series. Rather, it commissions projects made by outside production companies— Sony Pictures Television and Shondaland, to name two—and distributes content on its eponymous platform. It’s an approach that has worked wonders for Netflix, allowing it to partner with an array of high-profile talent and avoid some of the prohibitive costs associated with serving as producer and distributor. So it was a bit surprising to hear that Netflix will take on those dual roles with its venture into the mobile gaming industry. Netflix officials announced Monday that the company is creating an internal gaming studio “from scratch” in Helsinki, Finland, with the goal of producing titles for its eponymous subscription streaming platform. The decision comes 14 months after Netflix declared its intentions to join the mobile gaming wars, a move that has puzzled some investors and analysts. Det
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- Unity Appoints Matthew Bromberg as New CEO [Yahoo! Finance][Yahoo! Finance]
- Electronic Arts Inc. (NASDAQ: EA) had its price target lowered by analysts at Roth Mkm from $140.00 to $135.00. They now have a "neutral" rating on the stock.[MarketBeat]
- Tencent Partners With Mercedes-Benz and Electronic Arts, To Bring New 'Need for Speed™' Mobile To The Chinese Market [Yahoo! Finance][Yahoo! Finance]
- Web3 Games Startup GFAL Closes Seed Round with investors including Supercell and Mitch Lasky [Yahoo! Finance][Yahoo! Finance]
- Billionaire Chase Coleman Has 6% of His Massive Portfolio in This Beaten-Down Tech Stock [Yahoo! Finance][Yahoo! Finance]
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- 4/26/24 - Form 4
- 4/25/24 - Form 144
- 4/16/24 - Form 4
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