Netflix Paid $587 Million for Ben Affleck's AI Startup InterPositive

Netflix acquired InterPositive, an AI startup co-founded by actor and filmmaker Ben Affleck, for approximately $587 million in cash, according to the company's Form 10-Q filing with the Securities and Exchange Commission. The deal closed in March, with Netflix confirming the purchase price in the federal disclosure.

The acquisition marks one of the larger AI-related deals in the entertainment industry to date, signaling Netflix's appetite for bringing AI capabilities in-house. Details on InterPositive's specific technology and how Netflix intends to integrate it into its production or platform operations have not yet been fully disclosed.