Too Long; Didn't Read
Netflix is reportedly looking to hire an executive to supervise new gaming efforts. Sources say the company is exploring a bundle of games similar to Apple Arcade, which is a $5-a-month subscription service that allows users access to a library of over 180 games from a variety of publishers. Netflix's Q1 earnings were disappointing, mainly due to slowing subscriber additions. Netflix is losing market share fast – falling from 29% to just 20% of the video subscription market in 2020. Netflix should consider a few key things before jumping in the deep end.