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

Netflix offered Microsoft $500 million for a seven-year exclusive license to Xbox franchises for film and TV, but Xbox countered at $800 million and Netflix pulled the offer. Xbox now says it is pursuing smaller deals with more partners, including a Diablo animated series at Netflix and a Call of Duty movie at Paramount.

• Netflix offered $500M for a seven-year exclusive on Xbox IP
• Xbox countered at $800M and Netflix withdrew the offer
• Xbox claims record-breaking interest in its franchises
• The company is expanding its Xbox XP entertainment division