Oct 24 (Reuters) - Netflix ( NFLX ) has shut down the

studio behind its mobile game "Squid Game: Unleashed", amid a

shift in strategy for its video gaming unit.

The studio's closure was confirmed by its co-founder and

former CEO, David Rippy, in a LinkedIn post on Thursday.

"Rough news, for sure, but I'm very grateful for the time we

had at Netflix ( NFLX )," Rippy said.

The streaming giant, which has ventured into advertising and

video games to diversify its revenue streams, acquired Boss

Fight Entertainment in 2022 to broaden its offering.

"After 10+ great years working at Boss Fight, the last few

as part of Netflix ( NFLX ), the time has come for the studio to close

down," David Luehmann, a director of game development at the

studio, said in another LinkedIn post.

Netflix ( NFLX ) did not immediately respond to a Reuters request for

comment.

Boss Fight's two games, "Netflix Stories" and "Squid Game:

Unleashed", will continue to be available on the streaming

platform.

Netflix ( NFLX ), which named Alain Tascan as president of games last

year, has a new strategy that will focus on party, narrative,

kids and mainstream games.

Netflix Co-CEO Greg Peters touted "Squid Game: Unleashed"

during its earnings call earlier this week as an example of the

types of narrative games it would like to make based on its own

shows.