Netflix's Foray Into Gaming Intensifies: Tests Streaming On TV And Web Platforms
Portfolio Pulse from Benzinga Neuro
Netflix Inc. is expanding its gaming service to the US, allowing subscribers to play games on various streaming devices. The company is testing game streaming on TV platforms and the web, using smartphones as remote controllers. The move indicates Netflix's commitment to making games more universally available. The company's vigorous thrust into the gaming sector demonstrates a strategic shift to diversify its services and expand its reach. Apple Inc. also announced the addition of AAA games to the App Store during its iPhone 15 launch event.
October 17, 2023 | 8:32 am
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NEUTRAL IMPACT
Apple announced the addition of AAA games to the App Store during its iPhone 15 launch event. However, the company's subsequent silence on its gaming ambitions contrasts Netflix's active steps.
Apple's announcement of adding AAA games to the App Store indicates an interest in the gaming sector. However, the company's silence on its gaming ambitions since the announcement contrasts Netflix's active steps, which could potentially impact investor sentiment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Netflix's expansion into the gaming sector indicates a strategic shift to diversify its services and expand its reach. This could potentially attract more subscribers and increase user engagement.
Netflix's expansion into the gaming sector is a strategic move to diversify its services and expand its reach. This could potentially attract more subscribers and increase user engagement, which could positively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100