Netflix Will Stay in Gaming, CEO Says, Betting on Cloud

Netflix co-CEO Ted Sarandos said at the Screentime event that the company will still be in gaming in five years. He called mobile games "a gateway to cloud gaming," which Netflix is "much more interested in," especially "in a post-console world." There are no specific plans to buy Take-Two or Xbox, though Netflix will consider studio acquisitions that fit its business.

• Sarandos: Netflix will still be in gaming in five years
• Mobile games called "a gateway to cloud gaming"
• Betting on cloud "in a post-console world"
• No plans to buy Take-Two or Xbox