Following their acquisition of Oxenfree developer Night School in 2021, Netflix has now acquired another game studio in order to expand their gaming reach and create “world class” games. The streaming giant recently announced their acquisition of Next Games, who mainly worked on Stranger Things and The Walking Dead titles.
Netflix has announced their acquisition of Next Games, the developers behind Stranger Things: Puzzle Tales, The Walking Dead: No Man’s Land, and The Walking Dead: Our World. Next Games was bought out for $72.3 million USD, with the studio’s Board of Directors already approving it.
Netflix’s gaming boss Mike Verdu stated that Next Games has a “strong track record” and “solid operational capabilities”, but added that the decision to acquire the studio was also because they saw the European market as a “strategic region and key talent market”.
“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,” Verdu added.
Next Games founder and CEO Teemu Huuhtanen shared his excitement about the deal, saying:
“Joining forces with the world’s largest streaming service, Netflix, presents an opportunity for a logical and exciting continuation of our strategy to craft interactive experiences for the world to enjoy. Our close collaboration with Netflix on Stranger Things: Puzzle Tales has already proven that together we create a strong partnership. This is a unique opportunity to level-up the studio on all fronts and continue on our mission together.”
Next Games was first founded in 2013 and currently has over 120 employees working there. Due to their previous partnership with Netflix on Stranger Things, this seems like a natural fit.