AI Update: Netflix paid $587 Million for Ben Affleck’s AI company, states The Hollywood Reporter

When Netflix acquired Ben Affleck’s “mysterious AI company InterPositive earlier this year, it took the industry by storm,” reports The Hollywood Reporter.

THR post asked: “What was the company? What tools did it create for filmmakers? How would Netflix use them, and use Affleck, who committed to work as a senior advisor to the company in the deal?

“And then there was the question of price. How much was the company worth to the streaming giant? Thanks to a new securities filing, we know the answer to that final question.”

Netflix disclosed in an SEC filing that it paid $587 million for InterPositive, in cash. The disclosure was made in the company’s form 10-Q, writing that “in March 2026, the Company completed an acquisition which was accounted for as a business combination for a total purchase price of approximately $587 million, consisting of cash consideration.”

According to THR, while the filing does not name InterPositive, “Netflix announced the deal on March 5.

“InterPositive was formed in 2022 as the multi-hyphenate began to explore the AI space, with a particular emphasis on upending visual effects without impacting the creative part of filmmaking, from writing and directing to acting and production design.”

“I knew I had a responsibility to my peers and our industry, to protect the power of human creativity and the people behind it. In creating InterPositive, I sought to do just that,” Affleck wrote in a post at the time. “From the invention of the moving image to the transition to digital, from motion capture to virtual production, technology has evolved alongside the artists who use it. Our shared commitment to continuing this legacy makes joining together a natural next step, in addition to Netflix’s decades of experience applying and scaling technology responsibly.”