Netflix has hired Mike Verdu, a veteran of gaming companies Electronic Arts, Kabam and Zynga, to serve as vice president of game development, a company spokesperson says.
Verdu will head an expansion into video games that could launch within the next year, two people familiar with the company’s plans said.
Verdu joins Netflix from Facebook, where he had been working to expand the video game offering on Oculus virtual-reality headsets. Facebook acquired Oculus in 2014. Netflix’s foray into video games, which industry insiders have been expecting for months, comes as the company seeks new revenue streams amid
in the U.S. Video games are the entertainment industry’s fastest-growing segment and were widely seen as an obvious area of expansion for the company.
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