US EditionNetflix Hints ‘Hogwarts Legacy 2’ Could Survive Its WB Deal, But What Else?
Netflix excluded Warner Bros. Games from its $83 billion acquisition valuation as it focuses on mobile gaming, despite franchises selling 34 million copies, Netflix co-CEO said.
- On December 8, Netflix co-CEO Gregory Peters told investors Warner Bros. Games didn’t factor into the $83 billion deal, saying `we actually didn't attribute any value to that from the get-go because they're relatively minor compared to the grand scheme of things.`
- After repeated failures, Netflix shifted emphasis from PC and console to mobile and casual games, with co-CEO Gregory Peters saying the Hogwarts property fits this mobile focus.
- WBG includes valuable franchises such as the Arkham series and Lego games, generating billions in revenue despite studio closures and flops like MultiVersus and Suicide Squad: Kill the Justice League.
- Developers risk layoffs and wasted investment as Netflix reprioritises, with observers warning bad times lie ahead for surviving Warner Bros. Games developers and dim Arkham and Monolith hopes.
- The stance appears short-sighted given lucrative WBG licences, as Lego, Harry Potter and Batman suit Netflix's mobile strategy amid its Warner Bros. acquisition bid.
23 Articles
23 Articles
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