Netflix Paid $587 Million for AI Startup InterPositive Co-Founded by Ben Affleck

NFLX-1.87%
According to a regulatory filing disclosed yesterday (July 19), Netflix paid US$587 million in cash to acquire InterPositive, an AI filmmaking startup co-founded by actor and director Ben Affleck. The company announced the deal in March without disclosing the price then. InterPositive's 16-person team will join Netflix, and Affleck will serve as a senior adviser. The deal could reach US$600 million if performance targets are met.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments