CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Netflix acquires game developer Night School Studio

By Monte Stewart

22:00, 29 September 2021

Netflix acquires video gaming company
Netflix logo – Photo: Shutterstock

Netflix is expanding into gaming through the acquisition of games developer Night School Studio.

Glendale, California-based Night School produces Oxenfree and interactive storytelling games.

“We’ll continue working with developers around the world and hiring the best talent in the industry to deliver a great collection of exclusive games designed for every kind of gamer and any level of play,” said Netflix vice-president of game development Mike Verdu while announcing the deal in  a blog post.

Night School founded in 2014

Terms of the acquisition were not disclosed. Night School was founded in 2014 by Sean Frankel and Adam Hines.

Frankel formerly served as a senior game designer at Disney Interactive, while Hines was a lead writer at now-defunct Telltale Games.

“We’re inspired by their bold mission to set a new bar for storytelling in games,” Verdu saud. “Their commitment to artistic excellence and proven track record (makes) them invaluable partners as we build out the creative capabilities and library of Netflix games together.”


1,965.75 Price
+0.250% 1D Chg, %
Long position overnight fee -0.0089%
Short position overnight fee 0.0006%
Overnight fee time 21:00 (UTC)
Spread 0.30

Oil - Crude

68.41 Price
-1.840% 1D Chg, %
Long position overnight fee -0.0209%
Short position overnight fee -0.0010%
Overnight fee time 21:00 (UTC)
Spread 0.03


0.51 Price
-3.020% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.00404


27,121.15 Price
-2.370% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 60.00

No ads included

Games will be included as part of Netflix membership – “all with no ads and in-app purchases,” Verdu said. The deal came after the companies had “countless thoughtful chats” about their respective visions, said Frankel in a separate blog post.

He called the chance to be the first games studio to join Netflix “a surreal honour.”

“Night School wants to stretch our narrative and design aspirations across distinctive, original games with heart,” Frankel said. “Netflix gives film, TV, and now game makers an unprecedented canvas to create and deliver excellent entertainment to millions of people. Our explorations in narrative gameplay and Netflix’s track record of supporting diverse storytellers was such a natural pairing. It felt like both teams came to this conclusion instinctively.”

Netflix served notice of its plans to get into games in its latest shareholder letter.

“We view gaming as another new content category for us, similar to our expansion into original films, animation and unscripted TV,” the company said in the letter.

Read more: Tesla 3rd quarter deliveries expected to beat estimates


Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 530.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading