Netflix’s acquisition of Ben Affleck’s artificial intelligence start-up InterPositive has come with a striking new detail: the streaming powerhouse paid a hefty sum to bring the company under its umbrella.
In a Securities and Exchange Commission filing submitted Friday, Netflix disclosed that it paid $587 million in cash for the business, according to The Hollywood Reporter.
The figure appeared in the company’s Form 10-Q, which stated that “in March 2026, the Company completed an acquisition which was accounted for as a business combination for a total purchase price of approximately $587 million, consisting of cash consideration,” the outlet reported.
While the SEC document did not specifically identify InterPositive by name, Netflix announced its deal for Affleck’s company on March 5.
The purchase price was also reflected in Netflix’s first-quarter 10-Q filing, which was completed in May.
Affleck, who quietly launched the Los Angeles-based AI company in 2022 with a 16-person team of engineers, researchers and creatives, said earlier this year that he “couldn’t be happier” about the Netflix deal.
Netflix bought Ben Affleck’s AI start-up InterPositive in March, and the exact price tag for the deal has now been revealed; pictured in May
Netflix disclosed in a Securities and Exchange Commission filing Friday that it paid $587 million in cash for Affleck’s company
An insider had previously told Bloomberg in March that the movie star-turned-senior adviser and his investors would earn up to $600 million from the streaming giant as long as it met ‘certain performance targets.’
‘InterPositive is a tool that’s designed to solve the specific problems that I’d encountered as a filmmaker that connect you more to the filmmaking,’ Affleck detailed in a Netflix video this past spring.
‘It’s not about text prompting or generating something from nothing. You’re building a model from your own material.
‘That’s how this works. You have to create your movie, essentially, first before you can really build your model around your movie using AI.’
He explained he wanted to ‘take out all the logistical, difficult, technical stuff that often gets in the way.’
‘You can use your own model to remove the wires on stunts, reframe a shot, get a shot you missed, shape the lighting, enhance the backgrounds,’ the Oscar-winning star said.
‘If you can take some of those problems out, yes, you can do it more quickly, you can do it more easily, you’re giving more choice, you’re giving more opportunity, you’re getting more episodes of your favorite shows, you’re getting more human work,’ he stated emphatically.
Affleck emphasized that the goal was ‘to preserve what makes storytelling human’ and vowed that he and the streamer would do so, based on their shared ‘values’ and Netflix’s ‘responsibility with applying and scaling technology.’
Ben Affleck got a hefty boost to his reported $150million fortune when Netflix acquired his AI start-up company InterPositive last week (pictured January 13)
An insider told Bloomberg in March that the movie star-turned-senior adviser and his investors would earn up to $600 million from the streaming giant as long as it met ‘certain performance targets’
Affleck shared: ‘You can use your own model to remove the wires on stunts, reframe a shot, get a shot you missed, shape the lighting, enhance the backgrounds’
Earlier this year, Affleck starred in the Netflix crime/thriller The Rip, which he produced and acted in alongside longtime best friend and collaborator Matt Damon.
The Joe Carnahan-directed movie is about Miami cops who seize millions of dollars.
Affleck and Damon first gained notoriety in cinema with their 1997 movie Good Will Hunting, which earned them an Oscar for Best Original Screenplay.
The father of three, who was previously married to Jennifer Garner and later Jennifer Lopez, also scored a Best Picture Academy Award in 2012 as a producer for Argo.
