Overview
- Multiple outlets report that Netflix offered $500 million for seven years of exclusive film and TV rights and that Xbox countered with an $800 million asking price.
- Reporters say the negotiation lost momentum after Netflix content chief Bela Bajaria departed, and Netflix then withdrew the offer.
- Xbox issued a statement saying it has received “record‑breaking interest” in its IP and called Netflix a valued partner while noting ongoing Minecraft and Diablo projects.
- Microsoft has created an XP transmedia unit led by Kayleen Walters to turn game franchises into film, TV, merchandise, and theme‑park projects.
- Key dollar figures and negotiation details come from industry reporting and remain unconfirmed by the companies, and the outcome may widen licensing opportunities for multiple partners rather than one exclusive deal.