News Summary

Netflix has decided to close Boss Fight Entertainment, the Texas-based studio behind the successful mobile game Squid Game: Unleashed. This decision comes three years after Netflix acquired the studio in 2022 to strengthen its mobile gaming portfolio. Despite the game’s success, reaching number one in 26 countries, the closure reflects a shift in Netflix’s gaming strategy towards smaller, party-style games. Co-founder and former CEO of Boss Fight, David Rippy, expressed gratitude for the team’s accomplishments and encouraged other studios to hire the affected employees. The closure adds to a series of studio shutdowns and layoffs in the gaming industry this year.