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Lead DevelopmentFACT · 4/5•10 Sept '26•Via techcrunch

Pocket FM doubles revenue run rate to $500M with AI

Pocket FM, an Indian audio storytelling platform, has doubled its annualized revenue run rate to $500 million in a year, driven by AI-powered content production. AI now generates 99% of new content and 93% of the catalog, making production 80x cheaper. The platform has over 550,000 creators producing 2.5 million hours of content annually, with a library of 770,000 audio series. Retention improved, with 12-month revenue retention at 76% (up from 44%). The U.S. is the largest market, contributing 70% of revenue. The parent company, Pocket Entertainment, is expanding into microdramas with Pocket Saga and considering raising $100-120 million at a $2 billion valuation.

•Pocket FM's annualized revenue run rate reached $500 million, up from $250 million a year ago.
•AI powers 93% of Pocket FM's content catalog and 99% of new content.
•AI made content production 80x cheaper; 100 hours of content now produced in a day.

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FACT · 4/519 Jul '26· Via Cord Cutters News

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.

•Netflix paid $587 million in cash to acquire InterPositive, according to a regulatory filing.
•Bloomberg later reported the deal could be worth up to $600 million.
•InterPositive, co‑founded by Ben Affleck, builds custom AI models trained on a project’s raw footage (dailies) to automate post‑production tasks (color correction, relighting, background replacement, VFX).

Netflix Deadline Cord Cutters News TechCrunch Bloomberg

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