Wednesday, October 5

Netflix CEO wants his company’s gaming service to be “absolutely the best” in light of acquisition

You can’t escape the biggest gaming news of the week: Xbox is looking to acquire Activision Blizzard in a massive $70 billion deal. The news also made its way onto Netflix’s fourth-quarter earnings call, prompting executives to offer their thoughts on the situation.

Nidhi Gupta of Fidelity Investments asked directly about possible Netflix acquisition plans (credit to looking for alpha for transcript): “Why doesn’t Netflix get involved in big acquisitions given [its] gaming aspirations? It’s a good question, especially if Netflix wants to be taken seriously in the realm of gaming.

COO Greg Peters responded first. “It was exciting to see the activity in space,” he said. “We are open to licensing [and] access big game IPs that people will recognize. And I think you’ll see some of that happen over the next year. We are going to be experimental and try a lot of things.” Taking Peters’ words at face value, it will be interesting to see what “big gaming IP” Netflix begins to dive into.

CEO Reed Hastings followed up with his own comments, expressing a desire for Netflix to carve out a strong position in the game streaming space. “There’s no point in just being in it,” he added. “Us [have] please our members by having the absolute best in the category.” Combine this with Peters’ answer, and it really looks like Netflix is ​​going to make some big changes in the near future.

The streaming service has already made an acquisition, bringing in Oxenfree and Afterparty developer Night School Studio. That came just a few months after Oxenfree II: Lost Signals received a surprise announcement during a Nintendo Indie World showcase. At the very least, we hope to see that game playable through the Netflix service in some way.

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