Xbox Turns Down Netflix $500M Offer

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Xbox Turns Down Netflix $500M Offer

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Halo Studios, Microsoft

Netflix reportedly offered Microsoft $500 myriad for a seven twelvemonth agreement that would authorize the streaming elephantine to modify shows and films concerning Xbox characters.

Puck bankrupt the news, indicating that Microsoft responded alongside an recommendation for $800 myriad – as a result, the agreement has reportedly fallen through.

In a declaration to Puck, Xbox said, “We have received record-breaking involvement in our I.P.; Netflix is a appreciated partner and we are enthusiastic for the forthcoming publish of our Minecraft and Diablo animated sequence together, among another adaptations.”

Microsoft is now stated to be in pursit of “smaller deals alongside additional partners,” doing things on a case-by-case basis fairly than an overarching exclusivity deal.

Microsoft earlier partnered alongside Paramount to create the live-action “Halo” series, which ran for two seasons. They currently have a “Call of Duty” movie in the plant at Paramount, a third period of “Fallout” at Amazon and a sequel to “A Minecraft Movie” beginning next year.

Titles akin “Gears of War,” “The Elder Scrolls” and “Sea of Thieves” are additionally being thrown for imaginable adaptations.

Netflix has assorted plant according to games coming out, including the animated “Cyberpunk: Edgerunners” which returned this week.

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