Netflix Inc. will pay up to $600 million to acquire InterPositive, an artificial intelligence filmmaking startup founded by Ben Affleck. While the deal was announced last week without financial details, new reports indicate the total payout is contingent on meeting performance targets. The agreement includes a lower upfront cash payment.
This acquisition represents one of the largest in the streaming giant's history. The move signals a strategic investment in AI technology to streamline production and enhance content. This follows Netflix's recent withdrawal from bidding for Warner Bros. Discovery.
InterPositive’s 16-person team will transition to Netflix. Affleck will assume a role as a senior adviser to the company.