With Minecraft and Diablo shows already on the way, Netflix reportedly offered Xbox $500m for a bigger film and TV deal
A deal between Netflix and Xbox has supposedly fallen through because of one minor quibble: Netflix wanted to adapt the console maker's games for $500m, not $800m.
A deal between Netflix and Xbox has supposedly fallen through because of one minor quibble: Netflix wanted to adapt the console maker's games for $500m, not $800m.
The short version
- That's according to Puck News ' Matt Belloni, who reports that Netflix offered Xbox $500m to exclusively licence the company's games and turn them into streamable films or TV shows for the next seven years.
- Xbox CEO Asha Sharma and the division's business affairs team then responded with an eye-watering counter offer, according to the report.
- Xbox supposedly asked the streamer for $800m to sign off on the same deal.
What happened
Former Netflix CCO Bela Bajaria reportedly approached the game publisher first, but the executive's departure and Xbox's expensive counter offer led to the deal falling apart. Netflix CFO Spence Neumann was apparently one of the streamer's top heads who thought the deal wasn't worth the $800m price tag.
Why it matters
It's unclear which games would've been included in the film and TV deal considering multiple Xbox brands are already on their way to screens both big and small.
Summary by Nerd News Network. Read the full article at Eurogamer via the links above and below.