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Posted on 07/18/2026 4:53:22 AM PDT by dennisw
Netflix acquired Ben Affleck's AI start-up company InterPositive this past March, and now the insane sum the streaming giant paid has been unveiled.
In a Securities and Exchange Commission (SEC) filing on Friday, the streamer stated that it paid $587 million in cash for the company, per The Hollywood Reporter.
According to the outlet, the information was provided in the company’s form 10-Q, stating 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.'
Although the document does not explicitly name InterPositive, the Netflix deal was announced on March 5.
The price was also accounted for in the company's Q1 10-Q, completed in May.
In a statement earlier this year, Affleck said he 'couldn't be happier' with the deal after quietly founding the LA-based company in 2022 with a 16-person team of engineers, researchers and creatives.
(Excerpt) Read more at dailymail.com ...
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Does AOC hate him now for becoming an Oligarch?
Meanwhile Netflix stock price dropped from $96 to $68.
All this AI stuff reminds me of the digital “coin” craze.
I need you like Ben Affleck needs acting school
He was terrible in that film
I need you like Cuba Gooding needed a bigger part
He’s way better than Ben Affleck
And now, all I can think about is your smile
And that sh__ty movie, too
Pearl Harbor sucked and I miss you
And I thought he was a doofus.
Point to note…Ben started his AI project *before* ChatGPT was launched and AI entered the public’s consciousness. He is one of the most tech savvy people in Hollywood. Secondly his AI tool does not use Language Models (llm’s) like GPT, Gemini, Claude, etc. Uses ML (machine learning ) models though and the models are trained only on footage of the specific film in question. That way no one can claim copyright violations.
Ben talking about AI’s impact on Hollywood.
https://youtube.com/shorts/aZxZfr26WRw?is=Qd6-SVZj0WN5Be14
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