Netflix paid a whopping $587 million to acquire InterPositive, an AI startup co-founded by actor Ben Affleck, in an effort to juice up visual effects while keeping big-shot directors on board. A regulatory filing ripped the lid off the deal, revealing that the streaming company had completed the deal “consisting of cash consideration” in March this year. Netflix had announced the partnership earlier this year and said that the platform is “investing in creator-led innovation that keeps filmmakers at the center of the process.”
nypost.com