🍿 REVIEWS News – Paris/France.
After Netflix seized Finnish mobile game developer Next Games in early March, the gaming giant Streaming knock again. On Thursday evening, Netflix announced that it would acquire game developer Boss Fight Entertainment.
Financial details of the takeover of the development studio, which was founded in 2013 and has around 130 employees, were not given. Boss Fight Entertainment is currently known for the mobile game “Dungeon Boss”. Most of the developers come from the Microsoft studio “Ensemble Studios”, which closed in 2009 – so they worked on mega hits like “Age of Empires” or “Halo Wars”.
Amir Rahimi, Netflix's Vice President for Game Studios, said in the press release, "Through partnerships with developers around the world, hiring top talent, and acquisitions like this, we hope build a world-class game studio capable of delivering our offering. fun and engaging games for hundreds of millions of subscribers, with no ads or in-app purchases.
Netflix is ​​still at the start of its gaming journey. The games are all casual games and are only available on Android or iOS devices – either via the Netflix app or direct download from the App Store or Play Store . However, the game library is growing rapidly. Three new mobile games were recently added in March.
After Night School Studios and Next Games, Boss Fight Entertainment is the third gaming acquisition after Netflix officially announced the division's launch in August. The group of Streaming So moving forward at good speed and DER AKTIONĂ„R sees opportunities for the entertainment giant to be able to close the gap with video gamers. In a bullish scenario, there are potential sales of three to five billion dollars.
DER AKTIONĂ„R has put the Netflix stock back on the recommendation list in its current issue 13/22 due to the favorable valuation and attractive long-term outlook.
Conflict of Interest Notice:
The author holds direct positions in the following financial instruments mentioned in the publication or related derivatives which benefit from any price changes resulting from the publication: Netflix
SOURCE: Reviews News
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