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 firm announced the acquisition in March, with an announcement from Affleck saying he needed to “defend the ability of human creativity.” In keeping with Affleck, InterPublic’s AI instruments assist filmmakers enhance their footage in post-production, notably with regards to making up for “real-world manufacturing challenges reminiscent of lacking pictures, background replacements or incorrect lighting.”
On the time, Netflix introduced that all the InterPositive workforce can be becoming a member of the corporate, with Affleck becoming a member of as a senior advisor, nevertheless it didn’t disclose the monetary phrases of the deal. A subsequent report in Bloomberg instructed that the deal might be worth up to $600 million.
In its most up-to-date earnings report, Netflix stated that around 300 of its titles have already used generative AI.
