Netflix Reportedly Offered Xbox $500M for Major Film & TV Rights, Deal Fell Through Over Disagreement

Netflix was reportedly willing to shell out a staggering $500 million for a comprehensive film and TV adaptation deal with Xbox, aiming to bring beloved gaming franchises to the screen. However, negotiations are said to have collapsed over a financial disagreement, with Netflix’s offer falling short of Xbox’s $800 million valuation for the rights. This substantial sum underscores Netflix’s aggressive strategy in expanding its gaming-related content, following already announced projects like a Minecraft series and a Diablo show. The potential deal would have granted Netflix broader access to Xbox’s extensive intellectual property library, allowing for a more ambitious and wide-ranging slate of adaptations beyond individual projects, but the inability to bridge the $300 million gap ultimately scuttled the massive collaboration.

Adapted from: Eurogamer.net News Feed

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