Netflix Considers Monetizing Its Gaming Platform
Strategies under discussion include in-app purchases, charging for sophisticated games, and placing ads on games.
- Netflix is reportedly exploring ways to monetize its gaming platform, which currently offers games free of charge to its subscribers.
- Executives at Netflix have been discussing potential revenue-generating strategies, including implementing in-app purchases, charging for more sophisticated games, and placing ads on games.
- Netflix's gaming division has shown significant growth, with game downloads increasing nearly threefold from 2022 to 2023.
- Despite the small percentage of global subscribers currently playing its games daily, Netflix's gaming budget is expected to increase as the company moves towards creating console-quality games.
- Netflix's potential shift to monetize its gaming division comes after its entry into the gaming world two years ago and a stagnation in growth at the beginning of 2023.