In new regulatory filingNetflix announced it He paid 587 million dollars for InterPositive, a startup co-founded by actor and director Ben Affleck.
Streaming company It announced the acquisition in MarchIn a statement, Affleck said he wanted to “protect the power of human creativity.” According to Affleck, InterPublic’s AI tools help filmmakers improve their shots in post-production, especially when it comes to correcting “real-world production issues like missing shots, background changes or incorrect lighting.”
At the time, Netflix announced that the entire InterPositive team would be joining the company, with Affleck joining as a general counsel, but did not disclose financial terms of the deal. A subsequent report by Bloomberg suggested that a deal might be in place the value is up to 600 million dollars.
This was announced by Netflix in its latest earnings report About 300 titles have already used generative artificial intelligence.
