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Netflix will likely lean into games for established franchises like 'Stranger Things.' (Photo by Jordan Strauss/Invision/AP)
The company already has two titles with its “Stranger Things” games, but those weren’t available through Netflix, and instead launched on the PlayStation, Xbox, and Switch, as well as mobile devices. Netflix’s foray into gaming will focus on mobile games. “The execution of that concept is much harder than it sounds because games are not. “The concept, or the tagline ‘Netflix of games’ is infinitely simple, infinitely understandable and is a great concept,” IDC research director Lewis Ward told Yahoo Finance. Google, meanwhile, spun its own wheels with its game studio Stadia Games and Entertainment, before shuttering it less than two years after launching the venture.Įven Apple ( AAPL) has struggled to make its Apple Arcade service a certified hit out of the gate, with the company cancelling games, and changing directions to include classics like “Monument Valley” to entice fans. Amazon’s initiative suffered a massive setback when its title “Crucible” was released in 2020 and then pulled back before being axed completely. That confirmation follows news that Netflix hired EA ( EA) and Oculus ( FB) veteran Mike Verdu as its new president of game development - a move that could, in theory, help the streaming giant find new revenue streams as subscriber growth slows.īut the $300 billion gaming industry poses huge challenges, even for well-funded tech giants. The streaming giant also confirmed that it’s diving deeper into one of the hottest entertainment markets around: video games. Just Tuesday, Netflix reported a third-quarter new subscriber forecast that fell 2.3 million below Wall Street’s expectations. Netflix ( NFLX) may need to reinvent itself as people become unglued to their couches and streaming competition from the likes of Disney ( DIS) and Amazon ( AMZN) heats up. The video game business will be harder for Netflix than streaming Get it sent directly to your inbox every Wednesday by 4 p.m. Netflix Is A Joke Festival is going to give comedy fans the opportunity to see the greats and discover new faces in one of the greatest cities in the world.This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. “We were so disappointed to postpone the event last spring and our lineup of comedians can’t wait to bring much-needed laughs to audiences in LA and around the world on Netflix. “It’s absolutely thrilling for Netflix to be hosting a comedy festival of this magnitude in Los Angeles,” said Robbie Praw, Netflix’s director of stand-up and comedy formats. Russell, Nick Kroll, Nicole Byer, Patton Oswalt, Pete Davidson, Ray Romano, Seth Rogen, Theo Von, Tig Notaro, Tim Robinson and Tina Fey.īurr and Mulaney headline events at the Forum, while Fey and Poehler will have a freewheeling conversation at the YouTube Theater. More confirmed talent for the festival: Ali Wong, Amy Poehler, Amy Schumer, Aziz Ansari, Bert Kreischer, Bill Burr, Chelsea Handler, Chris Rock, Conan O’Brien, Cristela Alonzo, David Letterman, Deon Cole, Ellen DeGeneres, Felipe Esparza, Fortune Feimster, Hasan Minhaj and Ronny Chieng, Iliza Shlesinger, Jane Fonda and Lily Tomlin, Jerry Seinfeld, John Mulaney, Jonathan Van Ness, Ken Jeong, Kevin Hart, Kevin Smith, Larry David, Maya Rudolph and Gretchen Lieberum, Michael McIntyre, Mike Birbiglia, Mike Myers and David O. Netflix will record many of the shows to air as new stand-up specials. The move helps Netflix expand into the potentially lucrative events space at a time when its subscriber growth has slowed a bit, while at the same time generating a diverse mountain of on-air content. If the festival sounds familiar, it’s probably because it was originally scheduled for last spring but was postponed due to the pandemic. Julia Garner to Star in Thriller 'Apartment 7A' for Paramount Players There’s also an LGBTQ+ Celebration event that includes Margaret Cho, Tig Notaro, Wanda Sykes, Eddie Izzard, Sandra Bernhard and others. The lineup features Gabriel “Fluffy” Iglesias, who will make history as the first stand-up comedian to ever perform at Dodger Stadium, and Kevin Hart, who will headline the Arena (formerly the Staples Center).
Netflix Is a Joke: The Festival will take place across 25 venues, including iconic locations such as the Greek Theater and the Hollywood Bowl. Netflix is launching an 11-day stand-up comedy mega-festival in Los Angeles featuring 130 comics - including Dave Chappelle, whose recent special The Closer was hugely controversial for the streamer.