Streaming giant Netflix (NFLX) said Thursday it has acquired Ben Affleck’s filmmaking tech company InterPositive for an undisclosed sum.
InterPositive develops AI-powered tools and consists of a small team of engineers, researchers, and creatives. Affleck will also join the company as a senior advisor.
The move comes in the aftermath of the bidding war for Warner Bros. Discovery (WBD) against Paramount Skydance (PSKY), in which the David Ellison-led media company emerged victorious and agreed to pay Netflix a $2.8B termination fee.
Netflix is expected to invest up to $20B this year in films and series and to support new studio deals, live events, and gaming.