Xbox Asked Netflix for $800 Million to License Its IP for Film and TV

Netflix offered Microsoft $500 million for seven years of exclusive film and TV rights to Xbox titles, but Xbox CEO Asha Sharma and its business affairs team countered at $800 million, prompting Netflix to rescind the offer, according to Puck News reporter Matthew Belloni. Xbox said it has received "record-breaking interest" in its IP and still values Netflix as a partner, while now pursuing smaller deals with more partners. Those include a Diablo animated series at Netflix, another season of Fallout at Prime Video, a Call of Duty movie at Paramount, and a sequel to A Minecraft Movie at Warner Bros. Pictures.