Netflix Acquires Ben Affleck's AI Moviemaking Startup InterPositive for Up to $600 Million
Summary
Netflix acquires Ben Affleck's AI filmmaking startup InterPositive for up to $600 million, with the final price dependent on performance targets being met.
Key Points
- Netflix is acquiring InterPositive, an AI moviemaking startup founded by Ben Affleck, for up to $600 million in cash.
- The actual purchase price is lower than the $600 million ceiling, with additional earnings possible if InterPositive meets certain performance targets.
- Netflix, which recently made an unsuccessful bid for Warner Bros. Discovery, has not publicly disclosed the terms of the deal.