Netflix in search of executive to oversee gaming expansion - source

By Eva Mathews

(Reuters) -Netflix Inc is looking to hire an executive to oversee its expansion into videogames, a person familiar with the matter said, a sign that it is ramping up efforts to grow beyond its traditional business as streaming competition intensifies.

The move comes at a time when the video gaming industry has benefited from a surge in demand from gamers staying at home during the COVID-19 pandemic.

Netflix has experimented with interactive programming in the past with movies such as "Black Mirror: Bandersnatch" and "You vs. Wild" that enabled viewers to decide the characters' moves. It has also created games based on shows "Stranger Things" and "La casa de Papel (Money Heist)".

The Information reported https://bit.ly/3wmLqWW earlier on Friday Netflix had discussed offering a bundle of games similar to Apple's online subscription offering, Apple Arcade, as an option.

While the details of the company's games strategy are still very much in flux, it has decided that the games will not feature advertising, the report said.

(Reporting by Eva Mathews in Bengaluru;Editing by Vinay Dwivedi and Aditya Soni)

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