Overview
- The package that Xbox pitched Friday reportedly bundles more than a dozen properties and names Halo, World of Warcraft, The Elder Scrolls and Diablo among the titles included.
- Netflix, Paramount and Universal have taken a look at the proposal but no public deal has been announced and at least one potential buyer balked at the asking price.
- Microsoft is said to be seeking in excess of $300 million for a long-term rights arrangement that would grant TV and film adaptation access to the bundled franchises.
- Halo’s film and TV rights reportedly reverted to Xbox after Paramount+ canceled its live-action series, a change that affects how that franchise can be repitched to new partners.
- The push follows July job cuts at Xbox and reflects a strategy to convert a large IP catalog into immediate revenue while facing mixed adaptation results such as Fallout and Minecraft successes and the canceled Halo series.