Mike Verdu, VP of gaming at the streaming giant, gave two tidbits of information at the tech event. Verdu said that a cloud gaming offering is being explored byNetflix. There will be a gaming studio in Southern California.
A value add is something that is added. Verdu said that they weren't asking you to subscribe as a console replacement. It is a completely different type of business. It is hoped that over time it will become a natural way to play games wherever you are.
Stadia and Luna are both trying to sell video games that people can play even if they don't have a console. Mainstream user adoption has been hard to achieve for these services. Stadia will be shutting down in January, according to the company.
Stadia's approach to streaming games for consumers was built on a strong technology foundation, but it hasn't gained traction with users that we expected.
Verdu doesn't think the technology is to blame for the difficulties of these products.
Mike Verdu, VP of Games at Netflix will speak about whether game streaming can go mainstream. The image was created by Haje Kamps.
adia was a success. It was fun to play games. There were some issues with the business model.
Verdu was reticent to say if or not we can expect a gaming controller from netflix in the future.
He told us that the company is opening an internal studio in Southern California. This is the company's fifth studio and it was set up last month. Other companies include Boss Fight Entertainment, Night School Studio, and Next Games, which are all designed to cater to different tastes.
Chako Sonny is the former executive producer of "Overwatch." The movie "Overwatch" was a huge hit at the company. In the wake of an SEC investigation into sexual harassment and discrimination at the dominant gaming company, Sonny decided to leave.
Verdu said that he chose to come here. Unless there is a sense that we are really in it for the long haul and in it for the right reasons, you don't get people like that coming to your organization.
Thirty-five games have been created for the service since it announced it was into gaming. Verdu said it has 55 games in the works. The experiences in these games are based on licensed and original intellectual property. The company is also making games.
Verdu said that they hope over time that the balance is half of what it is.
The company still considers itself in the very early stages of its gaming initiative, but hasn't ruled out expansion beyond mobile, though we understand it won't be heading to the console or virtual reality at this point.
The news of the gaming studio launch and cloud gaming plans comes as the streamer is announcing its Q3 earnings, which saw the addition of 2.41 million subscribers, bringing the total to 222.09 million. In the third quarter, the company expected a net gain of only 1 million subs. The company earned $7.93 in revenue in the third quarter of 2022.
Netflix adds 2.41M subscribers, soaring past expectations
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