Netflix acquires Next Games in Finland, publisher of ‘Stranger Things’ and ‘Walking Dead’ games, for $72M

March 2, 2022By rightstech

Today, Netflix announced that it would be acquiring Finland’s Next Games, a developer of mobile games, for a total value of €65 million ($72 million). Next Games is listed on the public markets in Helsinki, and the deal is being done as an all-cash share purchase at €2.10 in case per share. The deal is expected to close in Q2 2022.

Source: Netflix acquires Next Games in Finland, publisher of ‘Stranger Things’ and ‘Walking Dead’ games, for $72M

RightsTech Extra

AI Companies Get the Picture

By Paul Sweeting

One of the biggest challenges facing copyright owners in grappling with the rapid development of generative AI technology, apart from a murky legal status, has been market failure, as discussed here in previous posts. The amount of existing material needed to train gen-AI models is so great, and so varied, that gauging the value of any one piece of it to establish a market price for it for licensing purposes is often effectively impossible. One group of rights owners is finding willing buyers among AI companies, however. An active, albeit for various reasons mostly sotto voce market has begun to emerge for the use of images held in large photo archives and by photo agencies and social media platforms, complete with per-unit industry and at least a nod toward creator attribution... Read More >>

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