Cpvr Posted October 22 Share Posted October 22 Amidst a fickle industry of layoffs and shutdowns, Netflix has officially shut down its video game studio, which was created less than two years ago. The studio was made alongside all the other ventures Netflix has as the company has invested its money into many different avenues over the last few years. However, it looks as if gaming might be a bust for the popular streaming service. The company had made some big hires over the last few years, hinting at some next-level gaming hardware and games to come in the future. With names like Joseph Staten and more joining the team, many believed that Netflix had its foot well within the door of the gaming world. Now, though, the company is officially shutting down its California studio, wiping out the entire team that was created. All of this has been confirmed by a Netflix representative at Game File by reporter, Stephen Totilo. What’s Next? This leaves many with the question: What’s next? Will Netflix continue to stride towards success in the world of game development? Or will they put their money elsewhere? While this ultimately might close some doors for the company, Netflix is still one of the largest streaming platforms out there. One studio closing will more than likely not hurt the company in hindsight. Will we ever get to know what the Netflix game studio was working on, though? source Insider gaming Link to comment Share on other sites More sharing options...
killamch89 Posted October 22 Share Posted October 22 Well, this is a reflection of the current economy where companies are closing studios left and right because of the cost to keep them running while they aren't bringing in adequate income. I was curious what they were working on - I wonder if that project will be passed to one of their other studios. Link to comment Share on other sites More sharing options...
