Netflix shuts down game studio behind 'Squid Game: Unleashed'

· CNA · Join
A performer dressed as a 'Squid Game' soldier stands in front of the Netflix and Squid Game logos before a parade through central Seoul, followed by a fan event with cast to celebrate the release of the third season of Netflix's hit series, in Seoul, South Korea, June 28, 2025. REUTERS/Kim Soo-hyeon

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

Netflix has shut down the studio behind its mobile game "Squid Game: Unleashed", amid a shift in strategy for its video gaming unit.

The studio's closure was confirmed by its co-founder and former CEO, David Rippy, in a LinkedIn post on Thursday.

"Rough news, for sure, but I'm very grateful for the time we had at Netflix," Rippy said.

The streaming giant, which has ventured into advertising and video games to diversify its revenue streams, acquired Boss Fight Entertainment in 2022 to broaden its offering.

Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.


This service is not intended for persons residing in the E.U. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp’s partners.
Loading

"After 10+ great years working at Boss Fight, the last few as part of Netflix, the time has come for the studio to close down," David Luehmann, a director of game development at the studio, said in another LinkedIn post.

Netflix did not immediately respond to a Reuters request for comment.

Boss Fight's two games, "Netflix Stories" and "Squid Game: Unleashed", will continue to be available on the streaming platform.

Netflix, which named Alain Tascan as president of games last year, has a new strategy that will focus on party, narrative, kids and mainstream games.

Netflix Co-CEO Greg Peters touted "Squid Game: Unleashed" during its earnings call earlier this week as an example of the types of narrative games it would like to make based on its own shows.

Source: Reuters

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here