Netflix walked away from Xbox intellectual property talks over price disagreement
Netflix abandoned negotiations with Microsoft for exclusive adaptation rights to Xbox video game franchises after the two companies failed to agree on a financial valuation.
FTMQ Tech, written by our newsroom0 views
Netflix walked away from negotiations with Microsoft to license Xbox video game franchises for film and television adaptations, TechPowerUp and Happy Gamer reported. The two companies ended discussions after they failed to reach an agreement on the licensing fee. [1][4]
TechPowerUp, Dark Horizons, and Happy Gamer report that Netflix offered Microsoft 500 million dollars for seven years of exclusive adaptation rights. TechPowerUp and Tbreak UAE report that Xbox countered by asking for 800 million dollars for the seven year deal, which covered its largest characters. According to TechPowerUp, citing the What I am Hearing newsletter at Puck, the 500 million dollar offer was made by Bela Bajaria, the chief content officer at Netflix. [1][2][3][4]
Netflix operates a global subscription video on demand service offering original and licensed media content. Microsoft produces the Xbox Series X and Series S video game consoles, which were released on November 10, 2020. [5][7]
In short
- Netflix offered Microsoft 500 million dollars for seven years of exclusive Xbox adaptation rights.
- Xbox countered with a request for 800 million dollars for the seven year licensing deal.
- Netflix walked away from negotiations after the two sides failed to reach a middle ground.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Netflix Reportedly Walked Away After Xbox Asked $800 Million for Its Game IPTechPowerUp, 9d ago (the report this story comes from)
- [2]Xbox Turns Down Netflix $500 Million OfferDark Horizons, 10d ago
- [3]Xbox reportedly asked Netflix for $800 million for seven years of its biggest charactersTbreak UAE, 11d ago
- [4]Netflix Reportedly Pulls $500M Xbox Adaptation Offer After $800M CounterHappy Gamer, 10d ago
Background
- [5]Netflix, Inc. on Wikipedia
- [6]Sat-IP on Wikipedia
- [7]Xbox Series X and Series S on Wikipedia
Our newsroom writes these reports with the help of software, from the 7 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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