Netflix searches its lead for expansion in the gaming industry.

The gaming industry is going to be one of the biggest industries out there leaving behind the existing industries. According to a report published by Accenture “The gaming industry has increased by half a billion players in the past three years, totaling 2.7 billion people globally. The report predicts more than 400 million new gamers are expected by the end of 2023”. These numbers tell us why is Netflix interested in the gaming industry, Netflix is reportedly in search of an executive to oversee the streaming giant’s expansion into video games, a sign that it is stepping up efforts to expand beyond its traditional business as streaming competition intensifies.

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The development comes at a time when the video gaming industry has profited from a surge in demand from gamers staying indoors during the COVID-19 pandemic.

Netflix has approaches several “veteran game industry executives” to fill in the position, which would broaden its efforts in video games, according to a report by The Information.

The streaming platform is contemplating a “bundle” of games available through subscription, much like Apple Arcade, the Apple bundle launched in 2019 with several exclusive games, available at $4.99 a month, the report added.

Netflix has experimented with interactive programming previously with several movies like “You vs. Wild” and “Black Mirror: Bandersnatch” that let the audience decide the characters’ moves. The streaming platform also made games based on shows such as “La casa de Papel (Money Heist)” and “Stranger Things.”

The Information reported earlier on May 21 that Netflix had discussed offering a bundle of games similar to Apple’s online subscription offering, Apple Arcade, as an option.

While the details of the company’s games strategy are still very much in flux, it has decided that the games will not feature advertising, the report said. Let us see how does it turnout to for the streaming giant and will it conquer the gaming world as it conquered the OTT.

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