Xbox Turns Down Netflix $500M Offer
Microsoft rejected a $500 million offer from Netflix to adapt Xbox intellectual property into films and shows, reportedly countering with an $800 million valuation. Microsoft is now pursuing a decentralized strategy of smaller, case-by-case licensing deals with various partners.
Why it matters
This decision reflects a shift in how major gaming companies manage their IP portfolios in the competitive streaming and entertainment landscape.
Netflix reportedly offered Microsoft $500 million for a seven year deal that would allow the streaming giant to adapt shows and films about Xbox characters.
Puck broke the news, indicating that Microsoft responded with an offer for $800 million – as a result, the deal has reportedly fallen through.
In a statement to Puck, Xbox said, “We have received record-breaking interest in our I.P.; Netflix is a valued partner and we are excited for the forthcoming release of our Minecraft and Diablo animated series together, among other adaptations.”
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in