{
  "id": 16604598,
  "title": "Netflix reportedly offered $500m to Microsoft to license Xbox IP for seven years",
  "url": "https://urgent.news/2026/10/26/netflix-reportedly-offered-500m-to-microsoft-to-license-xbox-ip-for",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-26T13:02:57.000Z",
  "source": {
    "name": "GamesIndustry",
    "slug": "gamesindustry",
    "url": "https://www.gamesindustry.biz/netflix-reportedly-offered-500m-to-microsoft-to-license-xbox-ip-for-seven-years"
  },
  "original_language": "en",
  "account": "Asha Sharma, previously Xbox's chief content officer, reportedly attempted to secure a $500 million, seven-year deal with Netflix to license Xbox intellectual property (IP) for film and television adaptations. However, the offer was rejected by the streaming giant, which proposed a $800 million contract instead. The deal's withdrawal followed Bela Bajaria's departure from Netflix, replaced by Peter Rice.\n\nXbox is now exploring smaller partnerships with additional entities. Microsoft has recently established the XP division, which will focus on creating transmedia spinoffs, including films, television series, and theme park attractions. This division, led by Kayleen Walters, is tasked with developing content derived from popular Xbox IP like Minecraft and Diablo.\n\nThe increased interest in Xbox IP reflects the company's ongoing transformation, as evidenced by the establishment of the XP division and the recent restructuring that has led to the loss of approximately 3,200 jobs and the sale of five studios, including Arkane Lyon. Xbox aims to leverage its transmedia approach to capitalize on the growing demand for its intellectual property.",
  "summary": "Netflix reportedly offered Microsoft $500 million over seven years to license Xbox IP for film and television adaptations. Read more",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}