Xbox Reportedly Bungled $500 Million Netflix Exclusivity Deal To Develop Movies, Shows Based On Games
Microsoft and Netflix failed to secure a sweeping intellectual property agreement after negotiations collapsed over a massive financial disagreement. Netflix proposed a five-hundred-million-dollar package to obtain exclusive film and television adaptation rights for Xbox game franchises over a seven-year period. Instead of accepting or negotiating within that framework, Microsoft countered by demanding eight hundred million dollars. Industry insiders confirm the massive gap in valuation caused the proposed partnership to fall completely off the table.
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- ✓ Netflix proposed a five-hundred-million-dollar deal to secure exclusive movie and television adaptation rights for Xbox games.
- ✓ Microsoft countered the offer by demanding eight hundred million dollars for a seven-year exclusivity deal.
- ✓ The proposed partnership between Xbox and Netflix is off the table following the failed negotiations.
What changed
Negotiations between Microsoft and Netflix collapsed after Microsoft countered a five-hundred-million-dollar offer with an eight-hundred-million-dollar demand.
Live updates
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Xbox Misses Out on Netflix Adaptation Deal
Microsoft and Netflix failed to secure a sweeping intellectual property agreement after negotiations collapsed over a massive financial disagreement. Netflix proposed a five-hundred-million-dollar package to obtain exclusive film and television adaptation rights for Xbox game franchises over a seven-year period. Instead of accepting or negotiating within that framework, Microsoft countered by demanding eight hundred million dollars. Industry insiders confirm the massive gap in valuation caused the proposed partnership to fall completely off the table.
Why it matters
The aborted partnership highlights the high stakes surrounding video game intellectual property in Hollywood as streaming services hunt for proven franchises to adapt. Securing exclusive rights to major gaming stables could have fueled years of prestige television and blockbuster film slates for Netflix. Instead, the staggering financial demands have left major gaming adaptations in limbo.
What is confirmed
- Netflix proposed a five-hundred-million-dollar deal to secure exclusive movie and television adaptation rights for Xbox games.
- Microsoft countered the offer by demanding eight hundred million dollars for a seven-year exclusivity deal.
- The proposed partnership between Xbox and Netflix is off the table following the failed negotiations.
What to watch next
- Any official statements from Microsoft or Netflix regarding future adaptation partnerships.
- Announcements concerning individual game franchise adaptations outside of this collapsed deal.
confidence 100%Sources used for this update (11)
- Kotaku — Xbox Reportedly Bungled $500 Million Netflix Exclusivity Deal To Develop Movies, Shows Based On Games
- Yahoo — Netflix reportedly wanted a $500 million film and TV deal with Xbox – but the counter offer was $800 million
- IGN — Xbox Movie and TV Exclusivity Deal With Netflix Reportedly Off the Table After Microsoft Asked for $800 Million
- A.V. Club — Whoops, Xbox's big Netflix dreams got pushed into the garbage along with all those fired execs
- GameSpot — Xbox Wanted A Gargantuan Paycheck To Partner With Netflix On TV And Movies
- Dark Horizons — Xbox Turns Down Netflix $500 Million Offer
- kotaku.com — Xbox Reportedly Bungled $500 Million Netflix Deal - Kotaku
- www.ign.com — Xbox Asked Netflix for $800 Million for 7-Year Movie and TV ...
- techrook.com — Xbox Bungled a $500 Million Netflix Exclusivity Deal: Inside ...
- en.as.com — Xbox reportedly rejected Netflix’s $500 million offer for ...
- www.techtroduce.com — Xbox Reportedly Asked Netflix for $800 Million in IP Deal
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