Entertainment
Netflix Ventures In to Gaming Space In An Attempt To Stem Stagnation
SAN FRANCISCO: In a bold move, Netflix has decided to step up its streaming service repertoire by venturing into video games, in addition to the traditional digital content available for streaming. In a highly competitive market, this move is anticipated to greatly assist in subscription retention for Netflix.
Several leading analysts had much to say, with the move largely seen as a positive step towards an all-encompassing digital service for personal entertainment. With the burgeoning cloud video gaming industry generating upwards of half a billion dollars; soon anticipated to rise up to nearly 8 billion dollars by 2027, Netflix’s decision to dip its toes in to cloud gaming will not be without its challenges as, the market already has strong competition from Amazon, Google, Sony and Microsoft.
Netflix however, has already tried an integrated approach with forays into mobile gaming being conducted for Netflix native shows. Such tie-ins have already gained traction among fans who seek to immerse themselves in to the lore and the fantasy worlds of Netflix shows.
Similar ventures have faced rocky roads with several movie studios shuttering or selling their video gaming subsidiaries like Disney and Lucas Film. Netflix will have to expand from the mobile gaming arena and step substantially into cloud gaming, despite the inherent technological challenges. Regardless of the obstacles, the fact that there is an avid gaming community, numbering nearly 2 billion strong, the potential rewards can be great. Netflix has also, announced that the subscription rates will not be altered with while incorporating gaming, as a service.
-
OER Magazines2 months agoDossier – ToP 25 Personalities 2025
-
Dossier2 months agoArabic Dossier – ToP 25 Personalities 2025
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, August 25
-
OER Magazines2 months agoOER, August 2025
-
News2 months agoSultan Center Unveils Flagship Al Hail Store, Elevating Premium Retail Experience in Oman
-
News2 months agoHONOR, in partnership with MHD-ITICS Debuts at COMEX in Muscat, Expanding Its Presence in the GCC
-
IT2 months agoAI Zone, Digital Triangle Project Unveiled at COMEX 2025
-
Automotive2 months agoChangan Launches the All New CHANGAN CS75PLUS 4WD in Oman
