Netflix has suffered a lot in the subscriber base due to the pandemic. In between, the company also made changes in its plans. But now after the arrival of the game, Netflix hopes that more users can join it.
Netflix said that the company is now going to enter the video game as competition in the film and TV streaming service has started increasing where subscriber growth has become very weak. Those who were earlier at home are now slowly stepping out of their homes after the lockdown opens. The company’s shares were also hovering around $531.10 after trading on Tuesday.
Netflix’s business has come down drastically due to the Corona epidemic. Because nothing is being shot in the lockdown. In such a situation, nothing new is reaching the customers in the end. In the US and Canada, Netflix reported losing about 430,000 subscribers in the second quarter. Let us tell you that in just 10 years, its third quarter declined.
The streaming video leader said it is in the early stages of expanding its video game offering, which will be available to customers at no additional charge. The company will initially focus mainly on mobile games. “We see gaming as another new content category for us, paralleled by our expansion into original films, animation and unscripted TV,” the company said in its letter to shareholders.
Greg Peters, Chief Operating Officer and Chief Product Officer, said that we will start the game with shows and movies related to Netflix hit. “We know fans of those stories want to go deeper. Netflix has dabbled in video games with some titles related to the series, including “Stranger Things” and “The Dark Crystal: Age of Resistance.”
Netflix has said that it will bring many things in the second lineup. The company hopes that after the arrival of the game, many more users will join it. On the other hand, if the epidemic subsides gradually, then it may be that within the coming few months, the company can serve some more great content to the customers.
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