Xbox-Netflix Adaptation Deal Collapses After $800 Million Request

A planned Xbox deal with Netflix has collapsed after Microsoft sought $800 million.

The proposal would have given Netflix seven years of access to Xbox’s biggest characters for film and TV adaptations.

Xbox is Microsoft’s gaming brand, and the proposed agreement focused on turning its games and characters into screen productions.

The reported price request came from Microsoft, which wanted a higher payout.

The two sides did not reach an agreement, ending plans for the large exclusivity deal.

Xbox is now pursuing smaller partner deals instead.