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Xbox Reportedly Asked Netflix for $800 Million for 7-Year Movie and TV Exclusivity Deal

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Xbox Reportedly Asked Netflix for $800 Million for 7-Year Movie and TV Exclusivity Deal

Xbox reportedly asked Netflix for $800 million for a seven-year deal that would have given the streamer exclusive adaptations based on its games.

Details on the behind-the-scenes dealings between the two entertainment giants came from a Puck report. The site stated that Netflix, interested in pursuing movie and TV adaptations for some of Microsoft's biggest games, began its offer at $500 million.

What exactly the deal would have yielded outside of the promise to exclusively-licensed Xbox titles for adaptations is unclear, but for Microsoft, it was worth a lot more than what Netflix was willing to offer. Xbox CEO Asha Sharma and her team countered the offer at a staggering $800 million. Following a round of shakeups at Netflix from last week, the deal is said to be completely off the table.

It's unclear what exactly led to the deal breaking down, though Puck suggested the exit of Bela Bajaria, who served as content chief until being fired recently, played a role. Now, the site said that Xbox is "pursuing smaller deals with more partners." Who those partners are is a mystery for now.

While Xbox and Netflix were unable to secure a long-term exclusivity deal, both entertainment entities do have plans to work together in the future. A live-action movie and animated series based on Gears of War, for example, have been in the works for some time . In 2024, Netflix announced it was building a Minecraft animated series , and just last month, plans for an animated Diablo series were confirmed .


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