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Stockreport

Netflix acquires Ben Affleck's AI tech company InterPositive [Yahoo! Finance]

Netflix, Inc. (NFLX)  More Company Research Source: Yahoo! Finance
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
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 [Read more]
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Stockreport

Netflix acquires Ben Affleck's AI tech company InterPositive [Yahoo! Finance]

Netflix, Inc.  (NFLX) 
More Company Research Source: Yahoo! Finance
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
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 [Read more]
IMPACT SNAPSHOT
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LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
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%
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