Netflix Reportedly Walked Away After Xbox Asked USD 800 Million for Its Game IP
Quick Report
Reports say Netflix backed away from a deal after Xbox reportedly asked around $800 million for a package of game intellectual property. The reported asking price suggests the economics of game libraries are now being valued at a scale more commonly associated with premium media catalogs and major studio acquisitions.
Even if the deal never closes, the reported numbers are a useful reminder that gaming assets are increasingly expensive to buy, license, or develop. As streaming platforms, publishers, and platform holders all reevaluate their content strategies, the valuation of game IP is becoming a major decision point rather than a secondary consideration.
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Source(s)
- TPU