LOS ANGELES — Inside an office in Hollywood, not far from the Walk of Fame and the Sunset Bronson Studios, Netflix executive Alain Tascan revealed new content coming soon to the platform — but it's not a TV show or a movie. It's a new game where U.S. viewers compete to win thousands of dollars.

The game show, called "Best Guess Live," will run on weekdays at 8 p.m. ET, where hosts Howie Mandel and Hunter March will unveil a set of five clues. Mobile game players tune in to make their best guesses. The earlier they can guess correctly with fewer clues, the higher the chances they can win more of the prize money. The show, filmed in Van Nuys, is Netflix's attempt at appointment gaming for its audience of more than 700 million viewers.

"Can you imagine where you not only can go and play a game, but you could win a life-changing amount of money each and every day, and it takes no time, it's easy, and you just have your phone?" said Mandel, widely known for his hosting turns on NBC's "Deal or No Deal" and "America's Got Talent."

The goal is to make playing games on Netflix "as simple as streaming a movie on a Friday, using the same innovative mindset that led Netflix to transform itself from a company shipping DVDs to streaming movies, shows and now games," Tascan said.

Netflix has been investing in its games vertical for the last four years, with mixed results. Last month, the streamer's co-CEO Greg Peters gave the company's gaming efforts a B- grade. Under Tascan's leadership, the division has focused on some key areas, including narratives based on Netflix programs, games for children, social party games and mainstream titles like "Grand Theft Auto."

The changes appear to be working. The number of downloads for Netflix games has increased 17% to 74.8 million from January to October of this year compared to the same period in 2024, according to data from app analytics firm Appfigures. The company is also releasing fewer games, adding 16 titles this year compared to 35 last year, Appfigures said.

Netflix declined to comment on the Appfigures data.

The company has also removed games in part due to low customer engagement. Netflix has released 142 games, with 78 of them still active as of October, according to Appfigures.

Its two most popular mobile games were released on Netflix in the last two years, including "Grand Theft Auto: San Andreas," which came on the platform in December 2023 and achieved 44 million downloads. The streamer released an original, the multiplayer party royale title "Squid Game: Unleashed," last year with 21 million downloads. The game had tie-ins to the popular series' second season where players could earn cash or wild tokens in the game if they watched a certain number of episodes.

Some analysts say there is still room for improvement.

"It still seems pretty experimental," said Ross Benes, senior analyst at research firm Emarketer. "I don't get the impression that they are on gamers' list of their go-to sources of entertainment."

On Thursday, Netflix said its first slate of five games for the TV, including Tetris Time Warp, Boggle Party, Pictionary: Game Night and LEGO Party! are now available. Prior to the new slate, subscribers could only play Netflix games on their mobile devices.

When consumers load up the TV games, they will see a QR code they can scan on their devices and use them as controllers in the game. For example in Netflix's version of Pictionary, users draw on their phones.

"A big switch in the strategy is really to make sure that we are eliminating any friction that somebody can encounter when they want to play," Tascan said in an interview. "We believe that on TV, in particular, where people enjoy their different shows, is the best place to offer something very easily approachable."

The TV games are the latest iteration in Netflix's effort that began four years ago. The company had beefed up its staff after acquiring four gaming businesses — Glendale-based Night School, Boss Fight Entertainment out of Allen, Texas, Finland-based Next Games and Spry Fox based in Seattle.

Netflix shut down Boss Fight Entertainment last month.

The gaming division efforts were first led by Mike Verdu, a former Facebook and Electronic Arts executive. He later transitioned to a role focusing on transforming game development and player experiences with generative AI in November 2024 and left Netflix earlier this year. Tascan, a former executive at Epic Games, was named Netflix's president of games in July 2024.

Games has been an attractive area of investment for some companies, as younger audiences spend a lot of time playing titles like Roblox, Fortnite and Call of Duty. Tascan estimates there are 3 billion gamers in the world and with Netflix having an audience of more than 700 million people, "the Venn diagram is pretty large."

The streamer on Thursday also announced new mobile games for kids, including digital coloring book "Barbie Color Creations" and a hairstyling game, "Toca Boca Hair Salon 4."

It can be challenging for companies to get into the space. For example, in 2023, Google shut down its gaming service Stadia after it failed to gain traction with users.

Tascan said Netflix is not competing against traditional gaming consoles but is looking to innovate and find new ways to reach its customers.

Tascan said he is encouraged by the reactions he has seen.

"It's a step in the right direction," he said. "But at the end, how many people are going to have the same reaction? We are a company driven by data, and our main data is, how many people are going to engage?"

Tascan said he thinks it will be a few short years before Netflix becomes the Netflix of games. He hopes the division can improve from Peters' grade of a B- to a higher level.

"What I hope is, by the end of the year, we'll upgrade to an A, hopefully A+," Tascan said.

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