One of Netflix’s executives, Mike Verdu, Vice President of Games, is moving to another, yet to be revealed, position within the company. Verdu isn’t quitting the streaming giant to start his own venture, but simply changing his current role to lead an internal team to discover the future of gaming. It’s a powerful statement of Netflix’s ambition to not simply participate in the gaming world, but aim to reinvent it. What does this shift mean for Netflix, and why is Verdu’s new position yet another indicator of a potential giant leap forward? Let’s explore what the future of gaming might look like, as envisioned by one of the biggest entertainment companies in the world.
Netflix’s move into gaming, signalled by its hires in September 2021 of the video games veteran Mike Verdu, was an unequivocal signal of its seriousness about expanding beyond its existing business. Verdu’s career at Electronic Arts, Oculus, Zynga, and Kabam was the perfect match to lead this expansion, and Netflix swiftly grew its games portfolio from two to nearly 100 titles in less than a year.
‘The pivot of Mike Verdu to a new endeavour internally at Netflix makes the company a pioneer on the cusp of game innovation,’ a Netflix spokesperson said. ‘While specifics of his new role are not available at this time, what we can say is, Netflix is very excited about his enthusiasm to lead a team on the vanguard of gaming innovation.’ Verdu has tweeted: ‘Had a great meeting with the brand-new game innovation team I’ll be leading. Some really cool and yet-to-be-explored territory we can go to!’ Netflix wants to be at the forefront of the next wave of gaming innovation.
As Netflix searches for Verdu’s replacement, the broader question remains: where does it go from here? The first chapter of Netflix’s gaming history has been one of quiet establishment: with nearly 100 games now published, and four development studios acquired, it is a formidable marker for the company to set in the gaming industry. Yet Verdu’s move feels like a harbinger for even more breakneck and radical change in gaming entertainment, with the company seemingly preparing to draw upon new technologies and ideas to reimagine what games can be.
But being deep into game innovation and having landmark titles is not really the point for Netflix, which isn’t settling for a mere increase in its game lineup, or even an increase in its share of the game market. For Netflix, being deep into innovation in games is about changing the way millions experience games – about, in a word, ownership. ‘Technology has always driven creativity in game development,’ Verdu observed. His new post at the company after his marching orders suggests that he will be at the forefront of the technology, which is to say, creativity, that is about to drive the future of games.
The fact that Netflix poached Mike Verdu, the latest hire in a flurry of games-related talent recruitment, and made him head of game innovation before moving him to run the category, is a clear sign that Netflix is prepared to lead in the transition of all entertainment to games. Netflix delivers movies and series to your screen. By delivering games to your screen, it boosts its value proposition to its subscribers. We are in a digital age, where content is king. Netflix invests in gaming and is ahead of the game.
The promise of innovation for gamers is that there will be lots of new content within the existing Netflix platform for which they’ve already paid a subscription fee. For developers, especially those within the growing roster of studios that Netflix has acquired, the promise of innovation means being at the leading edge of gaming, of new technologies and perhaps new types of games and experiences.
With Mike Verdu’s hire, it signaled that this was more than just a title change, it was a declaration of intent. Netflix is set to become a gaming powerhouse. It’s drawing on its extraordinary resources, talent, and creativity to entertain its members in new ways through games. It’s been a remarkable journey from being the platform where you discovered and watched TV shows and movies to becoming one of the most exciting entertainment flagships around. And with Verdu spearheading game innovation, this journey is shaping up to be an extraordinary one for Netflix. The next frontier of entertainment is within sight, and Netflix is readying its guns to innovate its way forward into the new age of gaming.
In this context, edge represents the edge of innovation, specifically in the games tech sector: a willingness to think, explore and create in new technology, ideas and methods across sectors that push the boundaries of what’s possible. For Netflix and Verdu, this means focusing on the ‘edge of game innovation’ – outside the typical gaming experiences and channels, seeking transformative ways to engage, entertain and immerse users in playful experiences. The digital future is all about products and services with staying power, and staying on that edge will be vital for any company looking to thrive in a new era of gaming world entertainment.
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