Netflix said in an SEC filing that it paid approximately $587 million to acquire Ben Affleck's AI startup called InterPositive in March 2026 — the same month Netflix announced the deal.
The acquisition highlights Netflix's push to leverage AI for content creation, recommendation systems, and production workflows. Ben Affleck's company had been building AI tools to help writers generate scripts and improve storytelling.
What This Means
- $587M valuation: One of the biggest AI startup acquisitions in entertainment
- Content pipeline: Netflix now has proprietary AI for script generation and content analysis
- Industry signal: Hollywood studios are aggressively acquiring AI talent
The deal comes as streaming wars intensify and Netflix seeks to differentiate its content pipeline. InterPositive's technology was reportedly used in early stages of several Netflix original productions.