Business Netflix purchases first game studio - Monopolization continues

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Netflix has its game-face on.

The streaming media company said Tuesday it bought its first video game studio -- scooping up game creator Night School Studio -- and rolling out five mobile gaming titles in select markets in Europe. Night School Studio is best known for its debut game "Oxenfree", a supernatural teen thriller with an eerie soundtrack.

The purchase is Netflix's attempt to move beyond movies and TV shows as it looks to diversify revenue sources, now that the streaming media world is crowded with Disney+, HBO Max, and many others.

The games from Night School Studio will be the first non-mobile titles from Netflix's newly created video game portfolio and will be available for play on the Sony PlayStation, Microsoft Xbox, Nintendo Switch and PCs.

Netflix is not tacking on any additional charge for video games, which can be played without ads and no in-app purchases.

In a shareholder letter describing its decision to go into gaming, Netflix said it saw the move as similar to a decision to expand into other types of content like original films, animation and unscripted TV.

Streaming and DRM vaporize your property rights. Buy hard copy whenever possible.
 
If Netflix does to games what it does to nostalgia franchises, soon we'll be able to add "Netflix game" as a genre of things to never touch.
 
Netflix has joined the "buy out random other companies" clique I see. The weirdest and somehow least depressing of these buyouts was the one where runescape's creators got bought out by a literal mining company. Also there's the fact every buyout other than the runescape one has resulted in the thing being bought withering and dying almost instantly.
 
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