fbpx
Connect with us

Breaking News

Netflix (NFLX) Announces Entrance Into Gaming Within Next Year; Contender Against Fortnite

July 14, 2021 – Netflix (NFLX) announced Wednesday that it plans to expand into video games and has hired a former Electronic Arts, Inc. (EA) and Facebook, Inc. executive to serve as VP of Game Development at Netflix, according to Bloomberg.

While many think this to be a strange move by Netflix, it’s anything but. Remember, Netflix is a media company that has successfully penetrated the homes of hundreds of millions of consumers with TV and movie content. However, gaming was never not on the table, looking back to a statement the company made in 2019 at E3 about a mobile game it planned to release based on the “Stranger Things” series.

Earlier in 2019, a a shareholder letter pointed out that when Epic Games created Fortnite, it presented a very serious competition for the media company. As of Wednesday, Netflix shares rose 2% in extended trading, with shares gaining as much as 2.8% to $563.45 in premarket trading Thursday.

Mike Verdu, Netflix’s recent hire and former Facebook executive, previously served as the company’s vice president of augmented reality and virtual reality content. He was in charge of working with developers to bring games and other content to Oculus virtual reality headsets.

Prior to his two year employment at Facebook, Verdu worked at gaming companies Electronic Arts, Zynga, Atari, and Kabam dating back to the late 1990s. Verdu will be reporting to Netflix’s Chief Operating Officer, Greg Peters.

This move by Netflix shows the media company’s seriousness in becoming an industry contender against Amazon, Google, and Microsoft who have had a head start in the video gaming sector.

I spoke with TICKER News about why Netflix’s announcement is a major move that aims to dethrone its competitors:

Source: Ticker News 

In Bloomberg’s breaking news report, it stated that evidence surfaced if Netflix’s plans to add games already appearing in files deep within the company’s app, based on research provided by iOS developer Steve Moser to Bloomberg.

What has yet to be determined is whether Netflix will increase user subscription prices for access to gaming content, or whether paying users will already have access to future gaming content. As of Wednesday, a company source, who wished to remain anonymous said it didn’t currently plan to charge extra for the content, but refused to go any further due to ongoing, private deliberations.

Video games give Netflix another way to lure new customers to its streaming platform, while providing something that no other competitor currently offers: an all-in-one streaming platform that has TV, Movies, and Games.

Netflix anticipates building out its gaming team in the coming months, according to sources close to Netflix’s announcement.

Andrew Rossow is the Legal Editor and Strategy Operations Advisor at Disrupt Magazine. He is a practicing attorney and the CEO and President of AR Media Consulting. He serves as a co-founder of The Guardian Project, alongside TV actor, Mark Pellegrino (13 Reasons Why, Supernatural, Lost, Dexter). Rossow has appeared regularly on CHEDDAR TV, ABC, FOX, CBS, and NBC affiliate networks throughout the U.S. He has been recognized by Entrepreneur and Fast Company for his journalistic integrity in helping build out and grow media outlets, formerly Grit Daily News.

Advertisement Become A Crypto Expert

Join Disrupt Magazine

Become A Crypto Expert
Become A Disrupt Contributor

Most Disruptive

Entrepreneurship5 months ago

Navy Veteran Davis Chris Takes the Music Industry by storm

In life, you need to break down anything that might be holding you back and change course if need be...

Entrepreneurship6 months ago

5 Disruptive Leaders Paving the Way in 2021

Where there is uncertainty, lies a whirlwind of opportunity. 2020 was the year that had entrepreneurs learn a great deal...

Politics1 year ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business1 year ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance1 year ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship1 year ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship1 year ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing2 years ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship2 years ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship2 years ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.