Netflix reportedly offered Microsoft $500 million to license Xbox games for adaptations, but the deal fell apart because Microsoft countered by asking for $800 million.
Netflix pulled its offer, according to a report by entertainment publication Puck. Netflix also has some new content leadership after big changes that included a layoff of 1,000 people in the past week.
Xbox CEO Asha Sharma launched the XP division earlier this month to work on adaptations of its games into movies and TV shows. Xbox is working on a Diablo animated series with Netflix. But Xbox reportedly wanted more money out of Netflix, and now instead Xbox is pursuing individual movie and TV show deals.
Meanwhile, Helen Chiang, former head of the Mojang Studios (maker of Minecraft) also left a newly created position of COO at Xbox.