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Chronicles

The story behind the story

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Sources detail Netflix's deepening gaming push: more games based on its shows, including Squid Game and Wednesday, discussions about a GTA game, and more

Streamer to put greater emphasis on developing games based on its popular programming, including ‘Squid Game,’ ‘Wednesday,’ ‘Black Mirror’

Wall Street Journal

Context & Ripple Effects

Netflix initially positioned games as a mobile subscription benefit at no extra charge in 2021. By July 2023, coverage described a materially larger pipeline, with dozens of games already available and many more in development.

This report narrows that broad games ambition toward adaptations of Netflix-owned shows, making the games effort more directly tied to programming franchises rather than a standalone catalog strategy.

First-order effects

  • Netflix shifts game-development emphasis toward titles built around Squid Game, Wednesday and Black Mirror, giving its existing entertainment properties another interactive outlet.
  • Discussions around a Grand Theft Auto game signal that Netflix is also testing whether marquee external game brands can complement its show-based releases; no agreement is reported.

Second-order effects

  • Show-based games make Netflix’s game slate more legible to subscribers already familiar with its series, while raising the importance of coordinating game releases with franchise and programming teams.
  • Game publishers and IP owners gain another potential subscription-distribution channel, but Netflix must compete for recognizable franchises and development capacity against established game platforms.

Third-order effects

  • If Netflix can turn screen franchises into recurring game engagement, subscription video services could increasingly use interactive extensions as part of a broader games-included-with-subscription retention strategy.
  • The strategic test is whether a streaming service can build a durable cross-media flywheel without relying on the console-style release economics that traditionally support major game franchises.

The trend: Streaming platforms are moving from licensing entertainment IP into operating cross-media franchises that connect viewing, games and subscriber retention.

Discussion

  • @deeketweak Derek Strickland on x
    Whether or not T2 does this depends on two things: Timing and pay. T2 doesn't like to release games on subs day 1. The best fit here is the new GTA trilogy mobile game. Netflix will have to make it worth the potential cannibalization that could occur close to release.
  • @jtoonkel Jessica Toonkel on x
    Netflix is leaning into its Hollywood roots with more games based on its shows like Squid Games and Wednesday. But some have voiced concerned the gaming push will detract from its core business. W/⁦@saraheneedleman⁩ ⁦@bysarahkrouse⁩ $NFLX https://www.wsj.com/...
  • @wsjbusiness @wsjbusiness on x
    Netflix is deepening its push into videogames, with titles tied to hit shows such as “Squid Game” and a big-budget game on the road map. The question: Is it a wise way to spend? https://www.wsj.com/...