Are you one of the best games employers in the US?

Apply Today

Netflix to acquire Next Games

Streaming platform to acquire all shares in Stranger Things: Puzzle Tales maker for approximately €65 million

Netflix has entered an agreement to acquire Finnish mobile developer Next Games.

Under the agreement, the streaming service has made an offer to acquire all of the issued and outstanding shares of Next Games, for a total value of around €65 million.

Next Games was founded in 2013 and is the team behind Stranger Things: Puzzle Tales, based on the Netflix show, as well as mixed reality title The Walking Dead: Our World.

"Next Games has a seasoned management team, strong track record with mobile games based on entertainment franchises, and solid operational capabilities," said Netflix VP of Games Michael Verdu.

"We are excited for Next Games to join Netflix as a core studio in a strategic region and key talent market, expanding our internal game studio capabilities. While we're just getting started in games, I am confident that together with Next Games we will be able to build a portfolio of world class games that will delight our members around the world."

Netflix offered details about its push into the video games market last year, and said it'd be focusing on mobile games first. It launched its games streaming platform for subscribers in November last year.

The firm also made a number of executive hires in 2021, including VP of game development Verdu, and VP of game studios Amir Rahimi.

The deal is expected to close in the second quarter of 2022.

Are you one of the best games employers in the US?

Apply Today

More stories

Frontier cancels console release of Elite Dangerous expansion

New story content will be exclusive to PC in future, console versions will only receive critical updates

By Danielle Partis

Ubisoft confirms "cyber security incident," says no evidence player data was exposed

"Our IT teams are working with leading external experts to investigate the issue," firm says

By Marie Dealessandri

Latest comments

There are no comments on this article yet. Why not be the first to post one?

Sign in to contribute

Need an account? Register now.