Netflix is already one of the top video streaming services in the world and now it is planning to take on game streaming services such as GeForce Now, Xbox Cloud Gaming, and Stadia as a report has revealed that Netflix plans to begin offering video games via its streaming service.
The announcement was made by Netflix itself yesterday, and a Bloomberg report adds that it has hired a new executive who used to work for Electronic Arts and Facebook. The new hire is Mike Verdu and he will take up the role of vice president of game development. Verdu was a former VP at Facebook who was in charge of working with developers to brings games to Oculus VR headsets. While at Electronic Arts, he worked on popular mobile games such as Sims, Plants vs Zombies, and Star Wars
Netflix won’t be creating a separate service for game streaming, instead, games will show up as part of the content available on its streaming platform and it plans to start offering as early as next year with no extra cost. Though we won’t be surprised if it raises the prices of its plans later on.
By offering game streaming along with its current catalog of shows, movies, and documentaries, Netflix will get an added advantage over competitors such as Disney+, Amazon Prime Video, and other video streaming platforms.
The announcement not only raised the shares of Netflix but also negatively affected that of GameStop which dropped by 10%. It has also been reported that Netlfix will be recruiting in the coming months for positions to build its gaming team.
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