Netflix buys Ben Affleck's AI startup for $587M

Netflix paid $587 million in cash to acquire InterPositive, Ben Affleck's AI startup founded in 2022. The deal closed in March. InterPositive builds AI tools for film post-production, including mixing and coloring, that create a model specific to each film. Affleck said the technology could yield a 20% reduction in schedule and physical production and a 50% reduction in VFX cost.