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GameStop shares slide 6% in front of the market after Netflix adopts its first video game and announces potential shake-ups in the sector – News


GameStop Corp.Stocks
GME,
-6.91%

After Netflix Inc, Thursday’s pre-market trading fell about 6%.
NFLX,
+ 1.34%

Announced adoption of the first major video game, It may show movement beyond the roots of streaming video. The streaming giant hired Mike Verdu as vice president of game development and poached him from Facebook.
FB,
-1.27%
,
As Vice President of Content for Reality Labs, he oversaw Oculus Studios and the team that brings second-party and third-party virtual reality games and other apps to Oculus virtual reality headsets. Prior to that, Verdu was Senior Vice President of Mobile at Electronic Arts Inc.
EA,
-0.09%
,
I’m in charge of mobile game studios that run franchises such as “The Sims,” ​​”Plants vs. Zombies,” and “Star Wars: Galaxy of Heroes.” Citigroup analyst Thomas A. Singlehurst said, “In summary, it’s clearly still in its infancy and many details haven’t been revealed yet, but it has a huge impact on the entire video game world. It feels like an important event to give. ” Singlehurst hopes this move will accelerate the transition of video games to cloud-based platforms. “This can pose a risk of confusion in the form of changes in the traditional PC / console monetization model of the market.” Electronic Arts shares and Activision Blizzard
ATVI,
-1.00%

The share was slightly low. Take-Two Interactive Software Inc.
TTWO,
-0.96%

0.2% decrease, Sony
sne

It decreased by 0.4%. Zynga Inc.
ZNGA,
-1.03%

It decreased by 0.2%. Netflix share price rose 2.4%, up 1.3% in the year to Wednesday, but S & P 500
SPX,
+ 0.12%

It increased by 16%.

GameStop shares slide 6% in front of the market after Netflix adopts its first video game and announces potential shake-ups in the sector

Source link GameStop shares slide 6% in front of the market after Netflix adopts its first video game and announces potential shake-ups in the sector

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