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- Following Bela's departure, the deal has reportedly been withdrawn.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.
Never miss a story from us, subscribe to our newsletter