# Netflix to acquire Next Games

Founded in 2013 and led by Teemu Huuhtanen, Next Games is the studio behind mobile games Stranger Things: Puzzle Tales, The Walking Dead: Our World, and The Walking Dead: No Man’s Land. By the end of 2021, Next Games had approximately 120 employees. In 2020, the developer reported sales of €27.2 million, with 95 percent of revenue generated from in-game purchases.

“Next Games has a seasoned management team, strong track record with mobile games based on entertainment franchises, and solid operational capabilities,” said Netflix vice president of games Michael Verdu in a press release. “We are excited for Next Games to join Netflix as a core studio in a strategic region and key talent market, expanding our internal game studio capabilities. While we’re just getting started in games, I am confident that together with Next Games we will be able to build a portfolio of world class games that will delight our members around the world.”

Next Games CEO Teemu Huuhtanen added, “We have had an unwavering focus to execute on our vision: to become the partner of choice for global entertainment businesses and craft authentic and long-lasting interactive entertainment based on the world’s most beloved franchises. Joining forces with the world’s largest streaming service, Netflix, presents an opportunity for a logical and exciting continuation of our strategy to craft interactive experiences for the world to enjoy. Our close collaboration with Netflix on Stranger Things: Puzzle Tales has already proven that together we create a strong partnership. This is a unique opportunity to level-up the studio on all fronts and continue on our mission together.”