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Netflix Closes Two More Studios

Netflix Closes Two More Studios https://ift.tt/sHACcwS Earlier this summer, Netflix-owned developer Night School released Unhinged , a horror game that was playable on televisions/screens through the streaming app. Unhinged was met with acclaim by players, and Netflix co-CEO Greg Peters recently called Unhinged one of "our two most successful cloud game debuts" during an investor call . Regardless, Night School has been shuttered by Netflix's latest round of cuts. As reported by Game File , Night School and Moonloot are the latest gaming developers to be closed down by Netflix. According to the outlet, Netflix justified the closures by noting that the streamer is narrowing its focus to games for kids, party games, story-driven titles, or "games with mainstream hooks." "We see an opportunity to be more focused in our execution, so we are making organizational changes to the business to match those priorities," said Netflix in a statement to Ga...
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Madame Web Box Office: How Did The Movie Do In Its First Weekend?

Madame Web Box Office: How Did The Movie Do In Its First Weekend? https://ift.tt/XMSgmIj

The Spider Man spin-off movie Madame Web from Sony Pictures opened on Valentine's Day, and the early box office results were not great. However, the movie is doing slightly better than some expected, bringing in $52 million worldwide for its opening period.

This was an abnormal opening period, as the film opened on Wednesday, February 14, and these numbers cover a six-day period spanning through Monday, February 19 for the Presidents' Day holiday. The movie earned $26 million over six days in the US and, as mentioned, $52 million worldwide over that time span.

The movie was estimated to have cost $80 million to produce (prior to marketing expenses), which means it has not yet broken even. However, Deadline reported that, due to the solid box office results so far, the movie will not "suffer as much as originally feared."

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