Xbox Netflix $800M Movie Deal Falls Through [Confirmed]

Microsoft and Netflix have officially ended discussions on a sweeping seven-year exclusive film and television licensing deal after Netflix offered $500 million and Xbox leadership delivered a steep $800 million counter-offer that ultimately halted all active negotiations. According to verified reports from GamesRadar citing Puck News, the ambitious proposal was initially spearheaded by former Netflix Chief Content Officer Bela Bajaria before her departure from the streaming giant. Bajaria sought blanket multimedia rights across the entire portfolio of Microsoft gaming properties, intending to replicate recent cross-media adaptation victories. However, the Microsoft executive team rejected the initial half-billion-dollar valuation, insisting that marquee franchises like Halo, Gears of War, and Forza warranted a premium $800 million commitment. When Peter Rice took over Bajaria's post, Netflix pulled out of the blockbuster talks entirely. The stalled discussions reflect broader strategic recalibration inside Microsoft's gaming division, echoing similar friction seen when [Arkane Studios Xbox Sale Negotiations Stalled [Confirmed]](/news/arkane-studios-xbox-sale-stalled) earlier this year. An Xbox representative confirmed that the publisher is experiencing unprecedented interest in its gaming IP and will now pursue targeted, property-by-property adaptation deals across diverse studios rather than locking its full catalog into a single distributor.