Netflix acquires Ben Affleck's AI film-tech firm [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
March 5 (Reuters) - Netflix said on Thursday it has acquired InterPositive, a filmmaking technology company founded by Academy ?Award winner Ben Affleck that produces artificial intelligence-powered tools for ?movie production. Financial terms of the deal were not disclosed. The media industry is ?warming up to the idea of using AI for content and storytelling, a major pivot from Hollywood's earlier concerns about the new technology challenging creative jobs and intellectual property rights. Late last ?year, Disney announced plans ?to allow OpenAI to use characters from its Star Wars, Pixar and Marvel franchises in ?the startup's Sora AI video generator. "We believe new tools should expand creative freedom, not constrain it or replace the work of ?writers, directors, ?actors, and crews," Netflix Chief ?Content Officer Bela Bajaria ?said. The acquisition is the streaming giant's first since backing out of a high-stakes race to acquire Warner Bros Discovery's studio and strea
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