Why Netflix gaming is “dead on arrival,” analyst says

Netflix (NFLX) recently announced it’s moving into the gaming sector with the hire of a 30-year gaming industry veteran, former EA (EA) and Oculus executive Mike Verdu. However, some experts believe that the move into the cutthroat gaming industry won’t pan out for the content platform.

“This thing is dead on arrival. It will not work,” Michael Pachter, senior analyst at Wedbush, told Yahoo Finance Live. “Have me back and we’ll talk about Mike Verdu’s departure and the exit of Netflix…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *