In a new regulatory filing, Netflix revealed that it paid $587 million in cash for InterPositive, a startup co-founded by actor and director Ben Affleck. The streaming company announced the acquisition in March, with a statement from Affleck saying he wanted to “protect the power of human creativity.” According to Affleck, InterPublic’s AI tools help
Netflix paid $587 million in cash when it bought InterPositive, Ben Affleck’s artificial intelligence startup, the company revealed in a federal filing. As part of the company’s Form 10-Q filing with the Securities and Exchange Commission, Netflix confirmed that it completed an acquisition in March “for a total purchase price of approximately $587 million. The