- Published on July 19, 2021
- In AI Features
Is Netflix Headed For Video Game Streaming?
The global gaming revenue stood at $159.3 billion in 2020 and is projected to hit $300 billion by 2025.
- By Prajaktha Gurung
Netflix has appointed Mike Verdu as the vice president of game development. He will report to Chief Operating Officer Greg. He was previously Facebook’s vice president and worked closely with developers to bring games and content to Oculus. He was also the former head of Electronics Arts Inc which holds popular gaming franchises like Star Wars and Plants vs Zombies.
Though Netflix--with more than 200 million subscribers-- is way ahead of the pack in the streaming race, competitors are slowly catching up. Further, rivals like Amazon Prime Video and Disney + offer live sports as well.
Meanwhile, the pandemic fueled subscriber surge for Netflix seems to be slowing faster than anticipated. From January to March this year, Netflix added 4 million subscribers, its smallest gain in
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Prajaktha Gurung
I am a literature, media and psychology grad which explains much of my confusion in life. I like writing, especially about music. You'll find me clicking photographs and playing music on my guitar most of the time!
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