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Netflix to Pay Up to $600 Million for Ben Affleck's AI Company [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
According to reports from Bloomberg , the streaming service marked one of its biggest purchases ever for Affleck's new company. The outlet states that the actual price paid out in cash was less than the $600 million price tag, but InterPositive's investors – including Affleck – will earn more based on “certain performance targets.” Netflix declined to comment to TheWrap. It was announced last week that the streamer was acquiring Affleck's moviemaking technology company as they expand its suite of AI-powered tools for filmmakers. The deal will integrate InterPositive's team of engineers, researchers, creatives and producers directly into Netflix. Affleck also comes aboard as a senior advisor. “It's not text to video prompts, but rather tools that fit into real production workflows and respect the artistic intent that's behind the story,” Elizabeth Stone, Netflix chief technology and product officer, told TheWrap last week. “It's really anchored in the story that the director is
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