Xbox Turns Down Netflix $500 Million Offer– www.darkhorizons.com

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Xbox Turns Down Netflix $500 Million Offer– www.darkhorizons.com
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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.”

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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.

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