Netflix confirmed on Friday that it paid $587 million to acquire Ben Affleck's artificial intelligence firm, InterPositive. This figure aligns with an estimate that was first reported in March. At the time of the initial announcement of the deal, Bloomberg…
Earlier reports mentioning Netflix
Netflix confirmed on March 15, 2024, that it acquired Ben Affleck's artificial intelligence startup, InterPositive, for approximately $587 million in cash. This disclosure was made in the company's Form 10-Q report filed with the U.S. Securities and Exchange Commission (SEC).
Netflix announced that generative artificial intelligence played a role in the creation of approximately 300 productions throughout 2026. The company stated that AI tools assisted creators in developing complex elements such as crowds, battle sequences, and detailed environments, thereby speeding…
Netflix anticipates its content spending will increase by approximately 10% in 2026, reaching about $20 billion. This acceleration follows a trend of 8% increases over the last five years, though it remains below the 14% average the company experienced…
Netflix reported that generative AI was employed in the production of approximately 300 programs within its library during the current year. This disclosure was made in the company's second-quarter earnings report, shared with shareholders on Thursday.
Netflix's engineering team announced a novel method for managing wide partitions within Apache Cassandra, significantly improving read latency for its TimeSeries Abstraction platform. This platform handles petabytes of temporal event data, requiring millisecond query responses.
A widespread phishing campaign is actively impersonating more than 30 prominent brands, such as Adobe, Netflix, Coca-Cola, and OpenAI, to deceive marketing professionals. The attackers are leveraging fake job interview invitations as a lure to steal Google account credentials.
Tommy Harper, a producer known for his work on the Netflix series 'Wednesday' and the upcoming film 'Beetlejuice Beetlejuice,' has launched VeYou, a microdrama platform focused on vertical video content.
Netflix is leveraging artificial intelligence to bring the iconic voice of Gene Wilder back to the screen for its upcoming unscripted reality show, "Wonka's The Golden Ticket." The company has partnered with AI audio firm ElevenLabs to digitally reconstruct Wilder's…
Asia's entertainment industry is entering a new phase of maturity, with executives at the APOS conference in Bali this week emphasizing sustainable ecosystems, scalable intellectual property (IP), and deeper audience engagement over pure growth.
The APOS 2026 summit will convene in Bali from June 16-18, featuring top executives from major streaming services discussing the future of Asian streaming and the impact of artificial intelligence.