Netflix acquires Ben Affleck's AI tech company InterPositive [Yahoo! Finance]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance
The streaming giant announced March 5 that it bought InterPositive, which develops AI-powered tools built by and for filmmakers. InterPositive uses new technology in “ways that protect and expand creative choice,” Netflix said, adding that the company's mission aligns with its belief that “innovation should serve storytellers and the creative process.” “I knew I had a responsibility to my peers and our industry, to protect the power of human creativity and the people behind it,” Affleck said in Netflix's press release. “In creating InterPositive, I sought to do just that.” As part of the deal, the Academy Award winner also joined the company as a senior adviser on the deal. Financial details on the deal are still unknown. “From the invention of the moving image to the transition to digital, from motion capture to virtual production, technology has evolved alongside the artists who use it,” Affleck said. He added that he and Netflix share a “commitment to continuing this l
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