Netflix Inc. is plotting a move into the toy business.
The world’s largest paid video service is looking to hire an executive to oversee the licensing of shows for books, comics and toys, and forge partnerships with retailers, according to a job posting on the company’s website. Netflix has also asked partners for a share of consumer products made off of shows released by Netflix but owned by other TV studios, according to people familiar with the talks who asked not to be identified discussing private matters.
Merchandise will help market hit programs to a wider audience — and generate additional revenue. Netflix has already conducted one test with Hot Topic Inc., which sold T-shirts, mugs, caps and jewelry tied to sci-fi smash “Stranger Things.” The company is still in an experimental phase, according to a Netflix spokeswoman.
“We are pursuing consumer products and associated promotion because we believe it will drive meaningful show awareness/buzz with more tangible, curated ways to interact with our most popular content,” Netflix says in the posting. “We want licensed merchandise to help promote our titles so they become part of the zeitgeist for longer periods of time.”
Consumer products and merchandise are the latest example of Netflix’s evolution from a technology company selling other people’s programming to a media company that produces, owns and licenses intellectual property.