After acquiring Night School Studio, creators of Oxenfree, they do not plan to invest more in the short term.
The large multinationals that control mass entertainment worldwide are increasingly interested in video games. It is a constantly evolving market niche in which you can directly reach a young audience, so not sticking your head in would be unthinkable. We have seen it with the case of Amazon and New World, but other companies such as Netflix they don’t want to be left behind.
About a month ago we learned that the company had acquired Night School Studio in what is its first major investment in the industry. With it, they seek to satisfy their creative aspirations and, possibly, continue adapting franchises from their original series and films. However, despite the fact that the union with the creators of Oxenfree and Afterparty has been striking, do not plan to buy more studios in the short term.
We will buy studios when we find the right occasionGregory Peters, Netflix Chief Operating Officer“We will seize the opportunities“, the head of operations Gregory Peters has told investors, as he collects VGC. “Don’t expect us to go on sale and do a lot of shopping. It will be something we will do but opportunistically, when we find the right occasion.”
“Our history says that we are quite selective when it comes to dealing with mergers and acquisitions “, has insisted Spencer Wang, also of Netflix.” When an opportunity presents itself with which we feel we are aligned, we seize it. But nothing beyond that. “
Let’s remember that Netflix has been developing its plans for a while to make the definitive leap into the video game industry. They plan to launch new titles in 2022 and, for this, they already have veterans of Electronic arts and Oculus in their ranks. What is sure not to be lacking are audiovisual adaptations related to video games, such as the League of Legends animated series, which will arrive in early November.
More about: Netflix, Night School Studio, Oxenfree and Afterparty.