Video streaming giant Netflix has closed its elite game development studio in Southern California.
A company spokesperson confirmed the news on Oct. 22 but declined The Epoch Times’ request for comment.
First reported by gaming journalist Stephen Totilo, Netflix is shifting away from the pursuit of a so-called “AAA” premium game that could cost hundreds of millions of dollars and years of development to create.
“Definitely a sign of new leaders pulling back from one big bet, but Netflix still has a bunch more studios and [executives] seem hyped on growth targets and show tie-in games,” Totilo wrote in an Oct. 21 X post….