Netflix reportedly offered $500m to Microsoft to license Xbox IP for seven years

Image for article Netflix reportedly offered $500m to Microsoft to license Xbox IP for seven years
News Source : GamesIndustry.biz

News Summary

  • Asha Sharma and other Xbox executives are said to have declined, requesting $800 million instead.
  • Sources told the publication that Netflix's former chief content officer Bela Bajaria made the offer.
  • She departed earlier this month and was replaced by former Disney and Fox executive Peter Rice.
  • Following Bela's departure, the deal has reportedly been withdrawn.
  • Puck reports that Xbox is now pursuing smaller deals with additional partners.
Netflix reportedly offered Microsoft $500 million over seven years to license Xbox IP for film and television adaptations.

Must read Articles