Netflix says Fortnite bigger competition than HBO; Nielsen ranks gaming revenues; soccer club gets Snapchat show
Hollywood-based streaming firm Netflix Inc. saw shares drop slightly in extended trading Jan. 17, after the firm published its fourth quarter earnings report. Fourth quarter revenue totals indicate a 28 percent year-over-year jump, CNBC Technology reports, though the reported $4.19 billion was just shy of the $4.21 forecast by analysts. Netflix noted in its filing it views “Fortnite” a greater competitor than HBO, but anticipates revenues of $4.5 billion in 2019.
Speaking of “Fortnite,” Nielsen Inc.’s SuperData Research arm issued a report Jan. 16 ranking the top 10 free-to-play video games, and only two L.A.-based firms made the cut: Riot Games Inc. and Epic Games. Riot, developer of “League of Legends,” ranked third behind Epic’ “Fortnite” and Nexon’s “Dungeon Fighter Online,” netting $1.4 billion in 2018. Activision Blizzard Inc., based in Santa Monica, placed eighth, earning $1.1 billion from its free “Candy Crush Saga King” title. According to the Hollywood Reporter, the overall video game industry earned $119.6 billion in 2018 and analysts expect it to hit $129 billion this year.
Santa Monica-headquartered Snap Inc. will produce a weekly show on its Snapchat app for Italian Serie A soccer club AS Roma, SportTechie reports. Subscribers to AS Roma’s free account can use the new channel to access player challenges, highlight reels, and previously aired stories. Roma first began working with Snap in 2015 and started using Snap’s smart “Spectacles” glasses to record video on the platform in 2017.
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