Netflix to pay as much as $600 million for AI filmmaking firm InterPositive: Bloomberg

Streaming giant Netflix will pay as much as $600 million for Ben Affleck’s artificial intelligence filmmaking company InterPositive, Bloomberg News reported on Wednesday, citing people familiar with ‌the ⁠matter.

The ⁠actual price, paid in cash, was less, the report said. InterPositive’s owners are set to earn even more if it meets certain performance targets.

The deal, announced last ⁠week, signals ‌that Hollywood is warming up to the idea of using ⁠AI to create content. Netflix did not disclose the financial terms of the deal at the time.