"Next Games has a seasoned management team, strong track record with mobile games based on entertainment franchises, and solid operational capabilities," says Michael Verdu, vice president, games, Netflix. "We are excited for Next Games to join Netflix as a core studio in a strategic region and key talent market, expanding our internal game studio capabilities. While we're just getting started in games, I am confident that together with Next Games, we will be able to build a portfolio of world-class games that will delight our members around the world."
"We have had an unwavering focus to execute on our vision: to become the partner of choice for global entertainment businesses and craft authentic and long-lasting interactive entertainment based on the world's most beloved franchises," says Huuhtanen. "Joining forces with the world's largest streaming service, Netflix presents an opportunity for a logical and exciting continuation of our strategy to craft interactive experiences for the world to enjoy. Our close collaboration with Netflix on 'Stranger Things: Puzzle Tales' has already proven that together we create a strong partnership. This is a unique opportunity to level up the studio on all fronts and continue on our mission together."
The transaction is expected to close in the second quarter of 2022, subject to customary closing conditions.
Read more about:
Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes, it’s completely free.