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16-year-old boy fatally shot outside Scarborough plaza identified
Police have identified a teenage boy who was fatally shot in Scarborough’s L’Amoreaux neighbourhood on Saturday afternoon.
Netflix has hired veteran video game executive Mike Verdu, signaling the video streaming service is poised to expand into another fertile field of entertainment.
Verdu's addition as Netflix's vice president of game development, confirmed Thursday, comes as the company seeks to sustain the momentum it gathered last year when people turned to the video streaming service to get through lockdowns imposed during the pandemic.
Netflix wound up adding 37 million worldwide subscribers last year, by far the largest annual gain in its history. But the landscape has changed dramatically now that the easing pandemic has allowed people to return to a semblance of their normal lives.
The video service stumbled out of the gate during the first three months of this year, posting its smallest first-quarter subscriber increase in four years, and it predicted its springtime gains would also be meager. The Los Gatos, California, company is scheduled to report its results for the April-June period on Tuesday.
Adding video games would give Netflix another way to build upon the nearly 208 million subscribers that it boasted at the end of March. It wouldn't come as a surprise either, given that Netflix co-CEO Reed Hastings has long said the company competes as much against video games for a piece of people's leisure time as it does against other video streaming services offered by the likes of Amazon, Hulu, Walt Disney Co. and Apple.
Netflix didn't directly comment on its potential entry into video gaming, but left little doubt about its intent by announcing Verdu's title at the company. Verdu is joining Netflix from Facebook's Oculus, where he oversaw the virtual reality headset maker's games. He previously worked at video game makers Electronic Arts and Zynga.
Now the biggest questions are when Netflix might start to offer video games and whether it intends to charge a separate fee to play them or include them as part of its video streaming services.
In a research note, CFRA analyst Tuna Amobi called video games a logical complement to Netflix's vast library of TV series and films, helping to set the stage for eventual price increases that most subscribers will accept.
Greg Peters, Netflix's chief operating officer, told investors in April that video games could be another way to engage subscribers already immersed in the stories unfolding in the service's TV series and movies.
"We're trying to figure out what are all these different ways that we can increase those points of connection, we can deepen that fandom," Peters said at the time. Verdu will be reporting to Peters in his new job.
Investors seemed to be taking a wait-and-see attitude on Netflix's potential foray into video games. The company's stock price dipped by one per cent to close Thursday at $542.95. While much of the stock market has been notching record highs recently, Netflix's shares are down by eight per cent from their peak of $593.29 reached in January.
Police have identified a teenage boy who was fatally shot in Scarborough’s L’Amoreaux neighbourhood on Saturday afternoon.
210,000 pounds of food was delivered to the Ottawa Food Bank on Saturday, the largest donation in its 40-year history.
Your father's diet before you were born could have played a role in your health, a new study has found.
Joe Alwyn is speaking publicly for the first time about the end of his years-long relationship with Taylor Swift.
Prince William on Sunday shared a photograph showing him as a child with his father, King Charles III, to mark Father’s Day in the United Kingdom this year.
Part of Highway 400 was closed on Sunday after an Ontario Northland bus caught on fire.
Federal NDP Leader Jagmeet Singh says he is 'even more alarmed than before' after reading the un-redacted report alleging there are MPs and senators who are participating to some degree in foreign interference efforts.
As Canadians continue to struggle with the extremely high cost of buying a home in some of the country’s major urban centres, a new global report is underscoring just how expensive some of those markets are.
Some of Hollywood's brightest stars headlined a fundraiser for U.S. President Joe Biden that took in a record US$30 million-plus for a Democratic candidate, according to his campaign, in hopes of energizing would-be supporters for a White House contest they said may rank among the most consequential in U.S. history.
The thunderstorm that hit Ottawa Thursday evening was accompanied by heavy rain and lightning that struck a house in Orléans.
Canadian and U.S. ironworkers shook hands across the border as the Gordie Howe bridge deck officially becomes an international crossing.
Age may be just a number to George Steciuk, but it’s just one of many that add up to one inspirational athlete.
It has taken more than 100 years, but Almonte’s forgotten soldier, George B. Monterville has had his name etched back into history.
For Father's Day, CP24.com and CTVNewsToronto.ca reached out to local politicians, community advocates, and other prominent figures in the city to ask them to share what important lesson they have learned from their dads.
Fancy Pokket owner Mike Timani has decided to create a 220-foot long flat bread to celebrate its 35th anniversary.
If certain goals that are in the Paris Climate Accord aren't met, the existence of polar bears in the Hudson Bay may come to an end.
In an attempt to invite one of the most popular recording artists in the world to the land of living skies – the City of Swift Current has offered to rename itself in honour of Taylor Swift.
More than a dozen dogs arrived by Cargojet early Thursday morning to the People for Animal Wellbeing Shelter to find a permanent place to call home in New Brunswick.