Netflix pays $587 million for AI startup InterPositive

Netflix has disclosed that it paid $587 million in cash to acquire InterPositive, the artificial intelligence startup founded by actor and filmmaker Ben Affleck. The price was confirmed in a Securities and Exchange Commission filing on Friday, July 17, 2026, aligning with earlier estimates that valued the deal at up to $600 million. The acquisition was completed in March 2026.

According to the filing, Netflix completed the business combination in March for a total purchase price of approximately $587 million, paid in cash. While the SEC document does not name InterPositive, the streaming service had publicly announced the acquisition on March 5. As part of the deal, Affleck has taken on a senior advisory role at Netflix, and the startup's small team has joined the company.

Affleck quietly founded the Los Angeles-based company in 2022 with a team of engineers, researchers, and creatives. In statements released at the time of the deal, Affleck described InterPositive as a tool designed to solve specific logistical and technical problems filmmakers encounter, aiming to connect creators more directly to the filmmaking process. He emphasized that the technology is not about...