By Miguel Mike Medina
Photo Credit: Michael Buckner/Variety
Netflix is spending up to 600 million dollars to buy Ben Affleck’s AI startup, Interpositive.
For a couple of years, Affleck has been working with a small team of engineers to develop a suite of AI tools that could help filmmakers better refine their work.
Netflix, which rejected the deal to acquire Warner Bros Discovery, makes a huge bet on Affleck’s company. Netflix believes this startup will help filmmakers produce better movies and television programming.
The acquisition is also one of the largest AI deals by a major Hollywood studio. We are seeing the beginning of AI taking over Hollywood. Many Hollywood filmmakers and actors have expressed their concern about AI. The thought of many workers getting laid off because of the emergence of AI is deeply rooted in their minds, and they want no part of AI.
Fair or not fair, AI is here to stay. Companies such as Netflix and Amazon are experimenting with AI technology to cut production costs and improve the quality of their work. We are going to see many more companies keep coming back to those streaming giants using AI technology. The competition will only get stronger and tougher.
The 53-year-old actor and director is always working and seeking ways to elevate his resume and business acumen. Affleck and longtime friend and collaborator Matt Damon are co-owners of the production company Actors Equity, founded in 2022.
Affleck has directed five films and is currently directing his sixth, the upcoming Animals, which he co-wrote, produced, and stars in. Animals is a crime thriller set to stream on Netflix sometime in 2026.
Affleck won an Oscar for writing Good Will Hunting with Damon and for Argo for Best Picture. Affleck has appeared in over 50 films.
Miguel Mike Medina is the publisher of The MMM Journal. He can be reached at medinamiguelmike@gmail.com and themmmjournal@gmail.com
X: @mmm_sportnfilms, Instagram: @miguel_passionforsports and @themmmjournal, LinkedIn: The MMM Journal, TikTok: @miguelmikemedina
