Netflix paid $587M for Ben Affleck’s AI filmmaking startup
TechCrunch • • entertainment
Key Points:
- Netflix paid $587 million in cash to acquire InterPositive, a startup co-founded by actor and director Ben Affleck, as revealed in a recent regulatory filing.
- InterPositive specializes in AI tools that assist filmmakers in post-production by addressing challenges like missing shots, background replacements, and lighting corrections.
- Ben Affleck joined Netflix as a senior advisor following the acquisition, and the entire InterPositive team became part of Netflix.
- The acquisition was initially announced in March without financial details, but Bloomberg had previously reported the deal could be valued at up to $600 million.
