Report: Netflix fails with $500m offer to adapt Xbox gaming IP to film and TV

A potential $500 million deal between Xbox and Netflix to bring the former's gaming IP to film and TV has reportedly fallen through after Microsoft's games division asked for more money. As reported by entertainment publication Puck, the alleged offer was made by then-Netflix content chief Bela Bajaria for a seven-year licensing deal. Xbox CEO Asha Sharma and her business affairs team was said to have sought $300m more, causing Netflix to withdraw its offer. ... [ MORE ]