Netflix to Pay as Much as $600 Million for Ben Affleck’s AI Firm

Netflix Inc. will pay as much as $600 million for InterPositive, the AI moviemaking company founded by Ben Affleck, according to people familiar with the matter, making the purchase one of the biggest ever by the streaming leader.

The actual price, paid in cash, was less, said the people, who asked not to be identified because the terms are private. InterPositive’s owners will earn even more if it meets certain performance targets. Netflix, which recently bid unsuccessfully for Warner Bros. Discovery Inc., hasn’t disclosed the terms.