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Absolutely silly thinking made by some exec who knows nothing about games, suddenly pulling recently granted licenses because, now their own made games will be a big deal because you can't get Stranger Things characters elsewhere right??
Is it stupid? Perhaps. Depends on the popularity of the game and Netflix's reputation. Personally, I find it to be a bad decision. ST3 was not advertised well. Only a short trailer released and almost a year later it just dropped. Moving the game to Netflix will not help it, as we gamers already are so ♥♥♥♥♥♥♥ tired of the amount of launchers and accounts we have to go through and with netflix it will probably be a cloud service, which almost no one have had success with yet. Geforce Now is probably the closest to a successful cloud gaming service.
But yeah. Netflix is a silly goose for pulling the license when they have no guarantee for the future of the devs or their own service.