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Netflix Shutters AAA Video Game Studio
Despite continued optimism among top management about the potential of video games, Netflix is shuttering its AAA game studio in Southern California.
Prior to his 6-year stint as an EVP at Epic, Tascan co-founded Ubisoft and started a Montreal studio for gaming giant Electronic Arts. Three key hires over the past two years by AAA, of execs linked to blockbuster franchises Overwatch, Halo and God of War, have since left the company. On the earnings call, Netflix Co-CEO Greg Peters said investing in video games and other initiatives is akin to “planting seeds.” The ventures will hopefully “strengthen our entertainment offering,” he said, in turn helping with subscriber growth and retention.
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