Netflix said to push further into video games based on hit movies, shows
Mario Tama
Netflix (NASDAQ:NFLX) is reportedly pushing further into its video game initiative, using previous acquisitions to create titles based on some of the streaming giant's hit TV shows and movies.
The company is slated to release titles over the next few months based on hit series Squid Game and Wednesday, The Wall Street Journal reported, citing people familiar with the situation. 
The streamer is also discussing games based on Extraction, a hit movie starring Chris Hemsworth, The Irregulars, its series based on Sherlock Holmes, and its anthology series, Black Mirror, the news outlet added.
Even though Netflix is still working on building up video games based on its content (it already has several titles based on Stranger
Things), it will also continue licensing games to further boost its offerings and has spoken with Take-Two Interactive (TTWO) about licensing a game from Grand Theft Auto, the news outlet explained.
The company has also looked to move beyond traditional mobile games, which often do not boast large budgets, and is looking to hire a director for its first large-budget, or triple-A game, the news outlet explained.
In August, Netflix (NFLX) begun limited testing of games on televisions, PCs and Macs.
Netflix (NFLX), which is slated to report third-quarter results after the close of trading, did not respond to a request for comment from Seeking Alpha.
A consensus of analysts expects the company to earn $3.48 per share on $8.54B in revenue.
Netflix (NFLX) shares fell fractionally in pre-market trading on Monday.

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