Netflix plans to close two gaming studios, including one in Hollywood

Netflix said it is closing two gaming studios as part of a new round of organizational changes. On Thursday, it shut down Night School, the Los Gatos, California-based studio behind narrative games such as Oxenfree, and it has proposed closing Moonloot, a studio in Helsinki, Finland. Netflix acquired Night School in 2021, as the company faced pressure from investors to diversify content after two quarters of subscriber losses in 2022. In a statement, a Netflix spokesperson said the company is eliminating roles to run its games business more strategically and efficiently, but did not disclose how many workers would be affected. The company also shut Boss Fight Entertainment last year, one of the studios acquired in 2022. Netflix’s gaming push includes cloud titles, including FIFA and Unhinged, alongside kids and party games.