Expansion into gaming, Squid Game, new programing, and new initiatives (2021–2022)
In March 2021, Netflix earned the most Academy Award nominations of any studio, with 36 nods. Netflix won seven Academy Awards, which was the most by any studio.[220] Later that year, Netflix also won more Emmys than any other network or studio with 44 wins, tying the record for most Emmys won in a single year set by CBS in 1974.[221]
In April 2021, Sony Pictures Entertainment announced an agreement for Netflix to hold the US pay television window rights to its releases beginning in 2022, replacing Starz and expanding upon an existing agreement with Sony Pictures Animation. The agreement also includes a first-look deal for any future direct-to-streaming films being produced by Sony Pictures, with Netflix required to commit to a minimum number of them.[222][223][224] On April 27, Netflix announced it was opening its first Canadian headquarters in Toronto.[225] The company also announced that it would open an office in Sweden, Rome, and Istanbul to increase its original content in those regions.[226]
In early-June, Netflix hosted a first-ever week-long virtual event called "Geeked Week", where it shared exclusive news, new trailers, cast appearances, and more about upcoming genre titles like The Witcher, The Cuphead Show!, and The Sandman.[227] On June 7, Jennifer Lopez's Nuyorican Productions signed a multi-year first-look deal with Netflix spanning feature films, TV series, and unscripted content, with an emphasis on projects that support diverse female actors, writers, and filmmakers.[228] On June 10, Netflix announced it was launching an online store for curated products tied to the Netflix brand and shows such as Stranger Things and The Witcher.[229][230] On June 21, Steven Spielberg's Amblin Partners signed a deal with Netflix to release multiple new feature films for the streaming service.[231][232]
In July 2021, Netflix hired Mike Verdu, a former executive from Electronic Arts and Facebook, as vice president of game development, along with plans to add video games by 2022.[234] Netflix announced plans to release mobile games that would be included in subscribers' service plans.[235] Trial offerings were first launched for Netflix users in Poland in August 2021, offering premium mobile games based on Stranger Things, including Stranger Things 3: The Game, for free to subscribers through the Netflix mobile app.[236] On July 14, 2021, Netflix signed a first-look deal with Joey King, star of The Kissing Booth franchise, in which King would produce and develop films for Netflix via her All The King's Horses production company.[237] On July 21, Zack Snyder, director of Netflix's Army of the Dead, announced he had signed his production company The Stone Quarry to a first-look deal with Netflix; his upcoming projects included a sequel to Army of the Dead and a sci-fi adventure film titled Rebel Moon
As of August 2021, Netflix Originals made up 40% of Netflix's overall library in the US.[244] The company announced that "TUDUM: A Netflix Global Fan Event", a three-hour virtual behind the scenes featuring first-look reveals for 100 of the streamer's series, films, and specials, would have its inaugural show in late September 2021.[245][246] According to Netflix, the show garnered 25.7 million views across Netflix's 29 Netflix YouTube channels, Twitter, Twitch, Facebook, TikTok, and Tudum.com.[247]
Also in September, the company announced The Queen's Ball: A Bridgerton Experience, an immersive, Regency-era ball, launching in 2022 in Los Angeles, Chicago, Montreal, and Washington, D.C.[248] Then Squid Game, a South Korean survival drama created and produced by Hwang Dong-hyuk, rapidly became the service's most-watched show within a week of its launch in many markets on September 17, 2021, including Korea, the US, and the UK.[172] Within its first 28 days on the service, Squid Game drew more than 111 million viewers, surpassing Bridgerton and becoming Netflix's most-watched show.[249] On September 20, Netflix signed a long-term lease with Aviva Investors to operate and expand the Longcross Studios in Surrey, UK.[250] On September 21, Netflix announced it would acquire the Roald Dahl Story Company, which manages the rights to Roald Dahl's stories and characters, for an undisclosed price and would operate it as an independent company.[251]
On October 13, 2021, Netflix announced the launch of the Netflix Book Club, partnering with Starbucks for a social series called But Have You Read the Book?.[256] Uzo Aduba became inaugural host of the series and announced monthly book selections set to be adapted by the streamer. Aduba speaks with the cast, creators, and authors about the book adaptation process over a cup of coffee at Starbucks.[257][258] Through October 2021, Netflix commonly reported viewership for its programming based on the number of viewers or households that watched a show in a given period (such as the first 28 days from its premiere) for at least two minutes. On the announcement of its quarterly earnings in October 2021, the company stated that it would switch its viewership metrics to measuring the number of hours that a show was watched, including rewatches, which the company said was closer to the measurements used in linear broadcast television, and thus "our members and the industry can better measure success in the streaming world."[259]
Netflix officially launched mobile games on November 2, 2021, for Android users around the world. Through the app, subscribers had free access to five games, including two previously made Stranger Things titles. Netflix intends to add more games to this service over time.[260] On November 9, the collection launched for iOS.[261] Some games in the collection require an active internet connection to play, while others will be available offline. Netflix Kids' accounts will not have games available.[262] On November 16, Netflix announced the launch of "Top10 on Netflix.com", a new website with weekly global and country lists of the most popular titles on its service based on its new viewership metrics.[263] On November 22, Netflix announced that it would acquire Scanline VFX, the visual effects and animation company behind Cowboy Bebop and Stranger Things.[264] On the same day, Roberto Patino signed a deal with Netflix and established his production banner, Analog Inc., in partnership with the company. Patino's first project under the deal is a series adaptation of
On December 6, 2021, Netflix and Stage 32 announced that they have teamed up the workshops at the Creating Content for the Global Marketplace program.[266] On December 7, 2021, Netflix partnered with IllumiNative, a woman-led non-profit organization, for the Indigenous Producers Training Program.[267][268] On December 9, Netflix announced the launch of "Tudum", an official companion website that offers news, exclusive interviews and behind-the-scenes videos for its original television shows and films.[269] On December 13, Netflix signed a multi-year overall deal with Kalinda Vazquez.[270] On December 16, Netflix signed a multi-year creative partnership with Spike Lee and his production company 40 Acres and a Mule Filmworks to develop film and television projects.[271]
In compliance with the EU Audiovisual Media Services Directive and its implementation in France, Netflix reached commitments with French broadcasting authorities and film guilds, as required by law, to invest a specific amount of its annual revenue into original French films and series. These films must be theatrically released and would not be allowed to be carried on Netflix until 15 months after their release.[272][273]
In January 2022, Netflix ordered additional sports docuseries from Drive to Survive producers Box to Box Films, including a series that would follow PGA Tour golfers (Full Swing), and another that would follow professional tennis players (Break Point).[274][275][276]
The company announced plans to acquire Next Games in March 2022 for €65 million as part of Netflix's expansions into gaming. Next Games had developed the mobile title Stranger Things: Puzzle Tales as well as two The Walking Dead mobile games.[277] Later that month, Netflix also acquired the Texas-based mobile game developer, Boss Fight Entertainment, for an undisclosed sum.[278]
In March 2022, Netflix announced a partnership with Dr. Seuss Enterprises to produce five new series and specials based on Seuss properties following the success of Green Eggs and Ham.[279][280] On March 29, Netflix announced it would open an office in Poland to serve as a hub for its original productions across Central and Eastern Europe.[281] On March 30, Netflix extended its lease agreement with Martini Film Studios, just outside Vancouver, Canada, for another five years.[282] On March 31, Netflix ordered a docuseries that would follow teams in the 2022 Tour de France, which would also be co-produced by Box to Box Films.[283]
Following the 2022 Russian invasion of Ukraine, Netflix suspended its operations and future projects in Russia.[284][285] It also announced that it would not comply with a proposed directive by Roskomnadzor requiring all internet streaming services with more than 100,000 subscribers to integrate the major free-to-air channels (which are primarily state-owned).[286] A month later, ex-Russian subscribers filed a class action lawsuit against Netflix.[287][288]
In April 2022, Netflix stated that 100 million households globally were sharing passwords to their account with others, and that Canada and the US accounted for 30 million of them. Following these announcements, Netflix's stock price fell by 35%.[289][290][291][292][293] By June 2022, Netflix had laid off 450 full-time and contract employees as part of the company's plan to trim costs amid lower than expected subscriber growth.[294][295][296][297]
On April 13, 2022, Netflix released the series Our Great National Parks, which was hosted and narrated by former US President Barack Obama.[298] It also partnered with Group Effort Initiative, a company founded by Ryan Reynolds and Blake Lively, to provide opportunities behind the camera for those in underrepresented communities.[299] On the same day, Netflix partnered with Lebanon-based Arab Fund For Arts And Culture for supporting the Arab female filmmakers. It would provide a one-time grant of $250,000 to female producers and directors in the Arab world through the company's Fund for Creative Equity.[300] Also on the same day, Netflix announced an Exploding Kittens mobile card game tied to a new animated TV series, which would launch in May.[301] Netflix formed a creative partnership with J. Miles Dale.[302] The company also formed a partnership with Japan's Studio Colorido, signing a multi-film deal to boost its anime content in Asia.
The first volume of Stranger Things 4 logged Netflix's biggest premiere weekend ever for an original series with 286.79 million hours viewed.[306] This was preceded by a new Stranger Things interactive experience hosted in New York City that was developed by the show's creators.[307] After the release of the second volume of Stranger Things 4 on July 1, 2022, it became Netflix's second title to receive more than one billion hours viewed.[308] On July 19, 2022, Netflix announced plans to acquire Australian animation studio Animal Logic.[309][310] Also that month, in collaboration with Sennheiser, Netflix began to add Ambeo 2-channel audio mixes (referred to as "spatial audio") to selected original productions, which allows simulated surround sound on stereo speakers and headphones.[311]
In September 2022, Netflix opened an office in Warsaw, Poland, responsible for the service's operations in 28 markets in Central and Eastern Europe.[313]
In October 2022, Netflix signed a creative partnership with Andrea Berloff and John Gatins.[314] On October 11, Netflix signed up with the Broadcasters' Audience Research Board for external measurement of viewership in the UK.[315] On October 12, Netflix signed to build a production complex at Fort Monmouth in Eatontown, New Jersey.[316] On October 18, Netflix began exploring a cloud gaming offering and opened a new gaming studio in Southern California.[317]
In November 2022, Netflix announced a strategic partnership with The Seven, a Japanese production company owned by TBS Holdings, to produce multiple original live-action titles over the next five years.[318][319] In December 2022, Netflix announced that 60% of its subscribers had watched a Korean drama.[320][321] CEO Ted Sarandos attributed the increase in viewership of Korean content among Americans to Korean films and dramas being "often unpredictable" and catching "the American audience by surprise".[322][323]
Inn January 2023, Netflix announced plans to open an engineering hub in its Warsaw office to provide Netflix's creative partners with software solutions for the production of films and series.[324] In February 2023, Netflix launched a wider rollout of spatial audio, and began allowing Premium subscribers to download content for offline playback on up to six devices (expanded from four).[311][312]
In March 2023, Netflix broadcast its first-ever global live-streaming event, the stand-up comedy special Chris Rock: Selective Outrage.[325]
Netflix reworked its viewership metrics again in June 2023. Viewership of shows was measured during the first 91 days of availability, instead of the first 28 days, and are now based on the total viewership hours divided by the total hours of the show itself. This provided more equal considerations for shorter shows and movies compared to longer ones.[326]
In August 2023, the company announced Netflix Stories, a collection of interactive narrative games from Netflix series and movies such as Love is Blind, Money Heist, and Virgin River.[327]