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Netflix reportedly offered Microsoft $500 million to license Xbox games for adaptations.
The Verge • • technology
Key Points:
- Netflix reportedly offered Microsoft $500 million to license Xbox games for adaptations, but the offer was withdrawn after Xbox CEO Asha Sharma and her team countered with a demand of $800 million.
- Xbox recently launched a new division called “XP” dedicated to creating adaptations of its games, signaling an increased focus on expanding its entertainment footprint.
- Despite the stalled licensing deal, Xbox and Netflix are already collaborating on a Diablo animated series, indicating ongoing partnership efforts.
- The negotiation highlights the evolving strategies of both companies under new leadership, with Xbox aiming to leverage its gaming IP for broader media opportunities.
