April 22, 2021
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Netflix can double its user base by appealing to the 2.7 billion gamers worldwide and may feel compelled to make a more prominent name for itself in the $160 billion video game industry.
Netflix has set an alliance with Wii, X-Box, PlayStation and many other brands in the gaming industry. Netflix built partnerships to provide and cater its “gamer-clients” with an entertainment videogame. Netflix joined forces and partnered with Dish, Tivo and other TV network companies.
When you begin to break down the Idea of Netflix for Video Games, it seems fair to say that most Internet users worldwide have heard of Netflix and its video streaming service.
During a company earnings call on Tuesday, the announcement was made as the streaming platform seeks to expand its content offerings.
Netflix founder and co-CEO Reed Hastings said, "We do want to expand." "We have a lot of work to do in terms of various forms of entertainment."
There's no question that games will be a vital source of entertainment and a modality for deepening the fan experience, so we'll keep going," said Greg Peters, Netflix's COO and chief product officer.
Despite a 24 percent increase in revenue year over year, Netflix only added 3.98 million subscribers in Q1 2021, compared to 6.2 million anticipated.
Owing to the pandemic, the company claims it didn't meet targets and plans to add 1 million new subscribers in Q2 2021 – But the era of game streaming is closer than it appears.
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