Ben Affleck—who has previously warned about the risks artificial intelligence poses to Hollywood—has sold his own AI filmmaking startup to Netflix in a deal that could reach $600 million, according to Bloomberg.The cash portion of the acquisition is smaller, with additional payments tied to performance targets, but it still ranks among the largest AI-focused deals by a major studio.The startup, InterPositive, developed software designed to help directors edit footage after filming, such as removing stray ob ...

Netflix confirmed on Thursday that a sequel to "KPop Demon Hunters," the streaming platform's most watched film of all time, is officially in development. ...

Welcome back to Market on Close. I'm Marley Caden here in Chicago alongside Sam Vadis at the New York Stock Exchange. Here's some final thoughts on the session today.You know, as I take a closer look at some of the stories that stuck out to me, I tried to move away from the ones that we've talked about throughout the day and highlight some other ones. Uh Lucid making a push into autonomous ride hailing, unveiling a new robo taxi concept at its investor day as the EV maker looks for new growth opportunities. ...

Netflix will make a sequel to the 2025 animated musical film KPop Demon Hunters, the company said Thursday in a post on X. https://t.co/XXm8vpaISy ...

Netflix will pay as much as $600 million for InterPositive, the AI moviemaking company founded by Ben Affleck, according to people familiar with the matter. Bloomberg’s Lucas Shaw discusses why the streaming giant made the purchase and how the technology works. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with C ...

a big payday for a company that nobody even knew existed really until Netflix announced this deal. You know, Ben Affleck had been out there giving some really interesting public statements on AI, but it seemed just as sort of a curious filmmaker, not as someone who'd started his own company. It's useful on a couple of fronts.One is this is an AI company that is founded by a filmmaker. It's for filmmakers. And if you listen to Ben Affleck talk, you know, they don't um they don't train on a bunch of existing ...

a big payday for a company that nobody even knew existed really until Netflix announced this deal. You know, Ben Affleck had been out there giving some really interesting public statements on AI, but it seemed just as sort of a curious filmmaker, not as someone who'd started his own company. It's useful on a couple of fronts.One is this is an AI company that is founded by a filmmaker. It's for filmmakers. And if you listen to Ben Affleck talk, you know, they don't um they don't train on a bunch of existing ...

Inner positive is a tool that's designed to solve the specific problems that I had encountered as a filmmaker that connect you more to the film making. 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. And once you do that, you have your model.You control it. ...

Core Insights - The tool "Inner positive" is designed to address specific challenges faced by filmmakers, enhancing their connection to the filmmaking process [1] - It emphasizes the importance of creating a movie first before utilizing AI to build a model around that movie, rather than generating content from scratch [1] - The control over the model is retained by the user, allowing for a personalized filmmaking experience [1]

A week after backing away from buying Warner Bros. Discovery, Netflix decides to buy rather than build AI tools for filmmakers. ...