Creative Production / AI in Content Production Market: Netflix Acquires Ben Affleck’s AI Company for $587M

Netflix disclosed in a regulatory filing that it paid $587 million in cash to acquire InterPositive, the AI filmmaking startup co‑founded by Ben Affleck, in a deal announced in March. InterPositive builds custom AI models trained on a production’s raw footage (“dailies”) to automate post‑production tasks — color correction, relighting, background replacement and visual effects — with filmmaker‑centric tools Netflix intends to scale across its pipeline. Industry estimates cited in reporting suggest substantial cost and time savings (as much as ~50% on VFX and ~70% on background‑actor costs). The InterPositive team is integrating with Netflix, Affleck has taken a senior advisory role, and Bloomberg later reported the deal could be worth up to $600 million. Netflix says roughly 300 of its titles have already used generative AI.