Gaming fans will know that, among those assets, Warner Bros has a sizeable video game business. Over the last few years, it's given us such massive hits as Hogwarts Legacy, and some disappointing flops like Suicide Squad Kill the Justice League.
So, is all of this gaming goodness caught up in the same acquisition from Netflix/Paramount? What does this mean for Hogwarts Legacy 2 or any potential Arkham game that might be in development?
The good news for Harry Potter fans is that Hogwarts Legacy 2 is still looking like a "no brainer". Check out Osborn's insights in full below below!
George Osborn: Yes, Warner Bros' games business is included in the deal. WB had reportedly been trying to sell off its game division last year. It didn’t. So it remains wrapped up in Netflix – or Paramount’s – acquisition of the company.
There is little publicly available information about the size of WB’s games business. Revenue did drop 48 per cent year-on-year between its 2023 and 2024 financial year. The success of Hogwarts Legacy was followed by the flop of Suicide Squad: Kill the Justice League, which put it into a weaker position. This saw the company shrink its business, including through the closure of the Nemesis system creating Monolith Studios. It also means it has narrowed its focus, making Harry Potter, Game of Thrones, the DC Universe, and Mortal Kombat the four franchises it is building games around.
It’s really tough to say. However, the deal will take at least 12-18 months to complete barring any regulatory issues that emerge. Companies rarely take knee-jerk decisions around cancellations, lay-offs, or closures during this phase, as we saw with Microsoft’s acquisition of Activision Blizzard. Anything in the pipeline is likely to be safe for now.
Netflix’s games business has been confused for years. After starting off solely as a mobile game subscription service, it expanded into and then shuttered studios aimed at expanding it into other content verticals.
It feels like the company is still stumbling towards its video game plan, rather than assertively following one. That’s, understandably, not great news for WB Games.
Netflix has revealed that it didn’t attribute any specific value to WB’s games business as part of its acquisition price.
There’s a chance it becomes part of its overall game strategy, providing Netflix with ready-made Triple A game-making clout to brute force its way into the business.
Assuming that WB was working on Hogwarts Legacy 2, do you think Netflix will keep that project going?
Of all the likely projects underway at the business that Netflix would happily continue, getting a sequel to that to market is probably the closest thing to a no-brainer for the company.
View Green Video on the source websiteI think a DC project at Rocksteady would continue to be worked on during the acquisition of Warner Bros, but I would say it is more at risk of problems than a sequel to Hogwarts Legacy.
If it is making a game in the mould of the recent Indiana Jones release, namely a tight single-player adventure clocking in at 15-20 hours but with excellent production values, they might be fine.
In general, what does the Netflix deal mean for gaming fans?
In the long term though, it does mean that a major developer of Triple A video games could be owned by a company that didn’t assign it any value when bidding to buy Warner.
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