Netflix reportedly offered $500m to Microsoft to license Xbox IP for seven years

Netflix reportedly offered Microsoft $500 million over seven years to license Xbox IP for film and television adaptations. As news site Puck reports, Asha Sharma and other Xbox executives are said to have declined, requesting $800 million instead. Sources told the publication that Netflix's former chief content officer Bela Bajaria made the offer. She departed earlier this month and was replaced by former Disney and Fox executive Peter Rice. Following Bela's departure, the deal has reportedly been withdrawn. Puck reports that Xbox is now pursuing smaller deals with additional partners.