Microsoft has reportedly rejected a $500 million offer from Netflix for a seven-year deal to adapt Xbox characters for streaming. The deal fell through after Microsoft countered with an offer of $800 million, leading the company to pursue smaller deals with more partners on a case-by-case basis. Microsoft previously partnered with Paramount to produce the "Halo" series, which ran for two seasons, and is currently working on a "Call of Duty" film and a "Fallout" series at Amazon. Titles like "Gears of War," "The El…
Key points
Microsoft has reportedly turned down a $500 million offer from Netflix for a seven-year d…: Microsoft has reportedly turned down a $500 million offer from Netflix for a seven-year deal to adapt Xbox characters for streaming.
They currently have a "Call of Duty" film in the works at Paramount, a third season of "F…: They currently have a "Call of Duty" film in the works at Paramount, a third season of "Fallout" at Amazon, and a sequel to "A Minecraft Movie" opening next year.
Titles like "Gears of War," "The Elder Scrolls," and "Sea of Thieves" are also being pitc…: Titles like "Gears of War," "The Elder Scrolls," and "Sea of Thieves" are also being pitched for possible adaptations.
Sources checked by our analysis pipeline: 1
Netflix reportedly offered Microsoft $500 million for a seven year deal that would allow the streaming giant to adapt shows and films about Xbox characters.
Puck broke the news, indicating that Microsoft responded with an offer for $800 million – as a result, the deal has reportedly fallen through.
In a statement to Puck, Xbox said, “We have received record-breaking interest in our I.P.; Netflix is a valued partner and we are excited for the forthcoming release of our Minecraft and Diablo animated series together, among other adaptations.”
Microsoft is now said to be in pursit of “smaller deals with more partners,” doing things on a case-by-case basis rather than an overarching exclusivity deal.
Microsoft previously partnered with Paramount to produce the live-action “Halo” series, which ran for two seasons. They currently have a “Call of Duty” film in the works at Paramount, a third season of “Fallout” at Amazon and a sequel to “A Minecraft Movie” opening next year.
Titles like “Gears of War,” “The Elder Scrolls” and “Sea of Thieves” are also being pitched for possible adaptations.
Netflix has various works based on games coming out, including the animated “Cyberpunk: Edgerunners” which returned this week.
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