The report comes from Billboard and different sources peg the amount of acquisition at $30 million, an amount that has been refuted by someone familiar with the matter who spoke to Variety.
The series reportedly has unseen footage of Kanye West and will cover his music and fashion business, the death of his mother, and his failed presidential bid.
The docuseries is still untitled as of the time of this writing and comes from the duo of music producers Clarence 'Coodie' Simmons and Chike Ozah. They produced and directed Kanye's 2004 music video for Jesus Walks.
READ ALSO: Kanye West Sends Social Media Into Frenzy After Calling Out Kim Kardashian
Kanye West during his presidential campaign
Billboard says the Netflix documentary is expected to be released later this year. A spokesperson for the streaming platform declined to comment on the new development.
READ ALSO: Kanye West Speaks On Being Paid To Distract Trump's Re-election
Kanye West's life has been filled with controversy and many will be eager to get a peek at some of his most personal moments when the docuseries premieres on Netflix.
West was recently in the news over his divorce drama with Kim Kardashian and hasn't commented on that.
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