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Netflix buys Ben Affleck's AI film tech company, InterPositive [Los Angeles Times (CA)]

Netflix, Inc. (NFLX)  More Company Research Source: Los Angeles Times
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Netflix brought the startup into the spotlight Thursday morning as it announced the full acquisition of the company. InterPositive's mission, which focuses on developing “AI-powered tools built by and for filmmakers” and using new technology to “protect and expand creative choice,” will now be exclusive to Netflix. In a press release, the streamer said it is “investing in creator-led innovation that keeps filmmakers at the center of the process.” Netflix said it will bring on InterPostive's entire team and keep Affleck as a senior advisor as part of the acquisition. “The InterPositive team is joining Netflix because of our shared belief that innovation should empower storytellers, not replace them,” Elizabeth Stone, Netflix's chief product and technology officer, said. “InterPositive's impressive technology is purpose-built for filmmakers and showrunners to work with tools that naturally support their creative visions and how they want to bring them to life.” Before founding hi [Read more]
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Stockreport

Netflix buys Ben Affleck's AI film tech company, InterPositive [Los Angeles Times (CA)]

Netflix, Inc.  (NFLX) 
More Company Research Source: Los Angeles Times
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Netflix brought the startup into the spotlight Thursday morning as it announced the full acquisition of the company. InterPositive's mission, which focuses on developing “AI-powered tools built by and for filmmakers” and using new technology to “protect and expand creative choice,” will now be exclusive to Netflix. In a press release, the streamer said it is “investing in creator-led innovation that keeps filmmakers at the center of the process.” Netflix said it will bring on InterPostive's entire team and keep Affleck as a senior advisor as part of the acquisition. “The InterPositive team is joining Netflix because of our shared belief that innovation should empower storytellers, not replace them,” Elizabeth Stone, Netflix's chief product and technology officer, said. “InterPositive's impressive technology is purpose-built for filmmakers and showrunners to work with tools that naturally support their creative visions and how they want to bring them to life.” Before founding hi [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NFLX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS