Netflix reportedly offered $500M for exclusive Xbox IP rights

Netflix offered Xbox $500 million for exclusive film and TV rights to its IP over seven years, but Microsoft pushed for $800 million and the deal fell through. The companies still collaborate on a live-action Gears of War and animated shows for Minecraft and Diablo.

• Netflix offered $500M for 7-year exclusive rights to Xbox IP
• Microsoft sought $800M, and talks collapsed
• Live-action Gears of War and Minecraft, Diablo animation in works
• Xbox cited 'record-breaking interest' in its franchises