Despite continued optimism among top management about the potential of video games, Netflix is shuttering its AAA game studio in Southern California.
The move, first reported by GameFile, was confirmed to Deadline by a source familiar with the closure.
AAA is one of a handful of small studios put under the corporate umbrella by Netflix over the past couple of years. It had yet to produce any titles by the time it was shuttered.
A Netflix rep declined to comment when contacted by Deadline.
The company has mounted a major effort to position games alongside series and films as a draw for subscribers. Yet a genuine video game blockbuster can get expensive to make and market and Netflix overall has been actively looking to streamline and lower its expenses across many business verticals. On last week’s third-quarter earnings call, the topic of games arose multiple
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