InterPositive Acquisition, Valuation, Funding & Investors
InterPositive was acquired by Netflix for $587M in March 2026.
Key investors in InterPositive
RedBird Capital Partners
About InterPositive
InterPositive is a filmmaking technology company founded by actor and director Ben Affleck that develops AI-powered tools built by and for filmmakers. Affleck started the business after studying the early rise of AI in production in 2022, and with a small team of engineers, researchers and creatives filmed a proprietary dataset on a controlled soundstage set up like a full production. Its first model was trained to understand visual logic and editorial consistency, so that editors and artists can fix real-world production problems in post-production, such as missing shots, background replacements or incorrect lighting, while creative decisions stay with the filmmakers. The company deliberately built smaller datasets and models focused on filmmaking techniques rather than actors' performances, with restraints designed to protect creative intent. Netflix announced its acquisition of InterPositive on 5 March 2026, bringing the entire 16-person team into Netflix and naming Affleck, until then founder and chief executive, a senior adviser. A later regulatory filing showed that Netflix paid $587 million in cash for the company, making it one of the streamer's rare purchases of an outside creative technology business.
Founded
2022
Status
Acquired
Customer focus
B2B
Revenue model
Services
Valuation
$587M (acquired Mar 2026)
Sectors
InterPositive Acquisition
InterPositive was acquired by Netflix for $587M on 4 March 2026.
Netflix announced on 5 March 2026 that it was acquiring InterPositive, the artificial-intelligence filmmaking company founded by Ben Affleck, with the company's whole team joining Netflix and Affleck becoming a senior adviser. Bloomberg initially reported a price of about $600 million, and Netflix later confirmed in a regulatory filing that it paid $587 million in cash. InterPositive builds AI tools for film and television post-production that let productions train their own models to handle problems such as missing shots, background replacements and incorrect lighting while keeping filmmakers in creative control. Affleck, the sole founder and chief executive, said he began developing the idea in 2022 after observing how productions could use the technology, and the company operated quietly before the sale. It was backed by RedBird Capital Partners, which invested in October 2024 and exited through the transaction. Netflix said the acquisition supported its approach of using AI to assist rather than replace creative talent, and disclosed that roughly 300 of its titles had used some form of generative AI.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 4 Mar 2026 | Strategic M&A | $587M |
Sources: about.netflix.com, deadline.com
InterPositive Funding History
InterPositive has raised 1 funding round.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| Oct 2024 | Undisclosed stage | RedBird Capital Partners | RedBird Capital Partners invested in InterPositive, the artificial-intelligence filmmaking company founded by Ben Affleck, in October 2024, according to RedBird's portfolio disclosures; the investment was not publicly announced at the time and its terms were not disclosed. InterPositive builds production-grade AI tools purpose-built for film and television, developed by filmmakers working with AI scientists, which let productions train their own models to fix post-production problems such as missing shots, background replacement and incorrect lighting while keeping creative control and avoiding copyright exposure. Affleck is the sole founder and served as chief executive; he said he began developing the idea in 2022. RedBird had previously backed Affleck and Matt Damon's studio Artists Equity at its launch in 2022. InterPositive operated quietly until March 2026, when Netflix announced it was acquiring the company, with its whole team joining Netflix and Affleck becoming a senior adviser. Netflix later disclosed in a regulatory filing that it paid $587 million in cash, giving RedBird an exit roughly 17 months after its investment. |
Who has invested in InterPositive?
1 investor has backed InterPositive across its funding rounds, including RedBird Capital Partners.
InterPositive Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialInterPositive Competitors
InterPositive competitors include listed companies like TV Tokyo Holdings, YG Entertainment and Acast, and private ones like Caffeine, Kaishu Jianggushi and Pocket Gems.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Japan | Publicly listed | $1.1B | $103M | $584M | 0.3x | |
 San Francisco, CA | Private | - | - | $600M | - | |
 Beijing | Private | - | - | $600M | - | |
| San Francisco, CA | Private | $200M | - | $600M | 3.0x | |
 South Korea | Publicly listed | $412M | $76M | $571M | 1.1x | |
 Sweden | Publicly listed | $254M | ($1M) | $605M | 1.8x |
InterPositive Public Comps
InterPositive is no longer listed, but its public comps include TV Tokyo Holdings, YG Entertainment, Acast, Surya Citra Media, Cover, CJ ENM, Huayi Brothers, StudioDragon, H & R Century Union and Angel Studios.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $103M | 0.3x | 0.3x | 3.2x | 3.4x | |||
| $412M | $76M | 1.2x | 1.1x | 6.5x | 6.7x | |||
| $254M | ($1M) | 2.2x | 1.8x | (458.9x) | 21.8x | |||
| $381M | $63M | 1.4x | 1.2x | 8.7x | 3.4x | |||
| $314M | $34M | 1.8x | 1.7x | 16.4x | 8.8x | |||
| $3.9B | $1.1B | 0.7x | 0.7x | 2.3x | 2.8x | |||
| $46M | ($15M) | 16.7x | - | (53.1x) | - | |||
| $401M | $109M | 1.3x | 1.3x | 4.9x | 3.9x | |||
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Common questions about InterPositive
| When was InterPositive founded? | InterPositive was founded in 2022. |
| Is InterPositive publicly listed? | No, InterPositive was acquired by Netflix in March 2026. |
| Who acquired InterPositive? | InterPositive was acquired by Netflix in March 2026. |
| How much was InterPositive acquired for? | InterPositive was acquired for $587M in March 2026. |
| What was InterPositive's last funding round? | InterPositive's last funding round was a undisclosed-stage round in October 2024. |
| Who are InterPositive's investors? | InterPositive's investors include RedBird Capital Partners. |
| Which companies are comparable to InterPositive? | Companies comparable to InterPositive include TV Tokyo Holdings, Caffeine, Kaishu Jianggushi, Pocket Gems, YG Entertainment and Acast. |
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