Netflix Co-CEO Ted Sarandos said the company’s “disciplined” push into video games, which began two years ago, has already yielded “a bunch of positives.” Margins, for one thing, have improved from 4% to 20%, Sarandos said during a sit-down at the UBS Media and Communications Conference.
But the real long-term play, he said, is increasing subscriber retention and using games as a “bridge” between seasons of shows.
The company has copped to taking a “crawl, walk, run” approach to gaming. It will be some time before it goes head to head with major publishers for top titles, as it does with film and TV originals.
UBS analyst John Hodulik asked if Netflix had considered any bold M&A moves to bolster its standing in the gaming sector.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.