US EditionNetflix May Have Paid $600 Million for Ben Affleck's AI Startup
Netflix will integrate InterPositive's AI tools to enhance film production efficiency, with a deal potentially reaching $600 million tied to performance milestones.
- On March 5, Netflix announced it has acquired InterPositive, an AI moviemaking startup founded by actor and filmmaker Ben Affleck, without disclosing financial terms.
- The deal uses an earn-out structure, with a smaller upfront payment and performance-linked payouts that could total $600 million, as Netflix integrates AI into content production.
- Affleck will join Netflix as a senior adviser, and the InterPositive team will be folded into Netflix's technology and production divisions, with tools focused on revising footage using only a film's own material with permission.
- Industry groups and workers have flagged concerns over job losses and fair pay, while Bloomberg sources say Netflix has not publicly confirmed deal details and reps did not respond.
- Compared with Netflix's prior big purchases, the deal could be worth up to $600 million, aligning with industry moves by Amazon and Disney in AI integration.
16 Articles
16 Articles
Netflix Steps Into AI Moviemaking
Netflix is making one of its biggest bets yet on artificial intelligence, agreeing to buy Ben Affleck's stealth AI moviemaking startup InterPositive in a deal that could reach $600 million, Bloomberg reports. The cash price is lower upfront, with additional payouts tied to performance targets, according to unnamed sources. Netflix...
On March 5, giant Netflix announced in a statement the purchase of InterPositive, the film production company with intelligence...
Netflix will pay up to $600 million for InterPositive, the artificial intelligence film production company founded by Ben Affleck, as confirmed by people familiar with the matter from Bloomberg, making the purchase one of the largest ever made by the streaming leader.
Netflix to Pay as Much as $600 Million for Ben Affleck’s AI Firm
Netflix Inc. will pay as much as $600 million for InterPositive, the AI moviemaking company founded by Ben Affleck, according to people familiar with the matter, making the purchase one of the biggest ever by the streaming leader.
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