Netflix doubles the game



Tuesday’s game between Paris Saint-Germain and Manchester City has been billed as the most expensive football game in the world. Why? Man City’s side are worth $ 1.17 billion combined, while PSG’s are worth $ 1.16 billion.

Netflix / Design: Alex Brooks

Netflix first expressed interest in using games to deepen its fans’ experience during an April earnings call, and its plans to enter the market have since progressed.

Netflix co-CEO Ted Sarandos said on Monday that he “Delighted” with the company’s efforts to get into the game, tapping into a $ 173.7 billion market.

The streaming service has already taken to games, but has stepped up its efforts in recent months.

  • A 2018 episode of “Black Mirror” called “Bandersnatch” was a choose your own adventure special and essentially one of Netflix’s first interactive games. He has since created a game “Stranger Things” with an outside developer.
  • In May, a report from The Information said the company was seeking an executive to oversee its expansion into video games. By July, this hiring former head of EA and Facebook, Mike Verdu, who worked on the “The Sims” and “Plants vs. Zombies ”.
  • The same report states that Netflix has considered selling an Apple Arcade-style set of games and that its games will not feature any ads.

While there is no time limit set For the company, several reports released in July indicated that the streaming platform wanted to offer video games over the next year at no additional cost.

The addition could boost Netflix’s subscriber base, which posted one of its weakest quarterly performances in the second quarter despite rising 19.4% year-over-year revenue to $ 7.34 billion.

Platoon / Design: Alex Brooks

Peloton has had a dramatic year, but its financing options are nonetheless prized for their stability by the banking sector.

Peloton contracts with lender Affirm to offer zero-interest loans on its connected bikes and other fitness equipment, which are then often packaged and sold to financial institutions looking for a safe bet.

  • Peloton, Affirm’s biggest customer, generated around 20% of lender’s $ 870.5 million revenue for the year ended June 30.
  • Unsecured loans to Peloton clients made up the bulk of the $ 845 million Affirm has garnered since 2020 through the packaging of zero interest loans. The interest on these loan packages starts at just over 1%.
  • In August, the home fitness giant lowered the price of its signature bike to $ 1,495 from $ 1,895. His treadmill sells for $ 2,495. It resumed sales of treadmills on August 30, following a costly recall.

The company recently launched its own clothing line and is it is believed to be working on a rower.

While Peloton’s revenue from product sales fell in the second quarter, subscriptions to its training service have increased steadily.

The company more than doubled the number of connected fitness subscribers to 2.3 million in the fiscal year ending June 30, bringing in $ 541.7 million to this segment.

New World / Design: Alex Brooks

Amazon has struggled to get bought off as a video game producer, but is looking to turn things around with “New World”.

The open-world game, which released Tuesday for $ 40, received good reviews and posted promising early sales figures from limited pre-releases.

  • Amazon said it was over 1 million sales during a two-week testing period over the summer, making it the best-selling game on Steam at that time.
  • A previous big budget release, “Crucible,” peaked at 25,000 players before Amazon scrapped the project.
  • The company spends approximately $ 500 million per year on games.

Amazon is also boosting the capabilities of Twitch, the streaming platform it bought in 2014 for around $ 1 billion. Tic made approximately $ 2.3 billion in turnover last year.

The tech giant has filed a patent for technology that overlay the face of a video game streamer on the character they are controlling, with real-time facial expressions matching those of the player. The feature could be used to improve the streaming experience and potentially on metaverse platforms.

The company launched a slew of new products on Tuesday, including a home robot and a children’s video conferencing device that includes games.

Amazon has also added a fitness class service and nutrition plan provider to its $ 3.99 per month Halo subscription service, which integrates with its Halo portable fitness devices.

Rich Barnes-USA TODAY Sports / Design: Alex Brooks

The Buffalo Bills plan to sell personal seat licenses to cover part of the cost of building a proposed $ 1.4 billion new stadium, according to The Buffalo News.

The team will sell a maximum of 50,000 PSL at around $ 1,000 each, raising a minimum of $ 50 million in fees.

The purchase of a PSL will be required for each Bills subscription holder.

  • PSLs will be transferable and may be sold to a third party.
  • Licenses can also provide access to parking, food, drink and other amenities.

PSLs have been used to fund more than half of the NFL’s 30 stadiums, with every new site opened since 2009 benefiting from it.

Depending on the market and the headquarters, PSLs can reach an asking price of over $ 100,000. In total, 20 of the 32 NFL franchises require subscription holders to purchase PSLs.

The Bills’ new stadium proposal suggests a 17% reduction in capacity (60,000 seats) from the team’s current home, Highmark Stadium, which seats 71,608.

The county committed $ 227 million for major renovations to the site in 2013. The Bills lease, which includes a strict no-relocation clause, ends in 2023.

Highmark Health acquired the naming rights for between $ 4 million and $ 6 million per year in March.

  • Tampa Bay Rays to be ‘Louder’ About Team Soon plan divide the games between Florida and Montreal, according to Rays president Matt Silverman.
  • Spencer dinwiddie confirmed his attempt to buy the sponsorship of the Wizards jersey crest for $ 12 million to promote his crypto app Calaxy.
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Do you think Netflix will be successful in gaming?

Tuesday’s response
72% of the companies surveyed provide them with a work computer.

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