In a new regulatory filing, Netflix revealed that it paid $587 million in cash for InterPositive, a startup co-founded by actor and director Ben Affleck.

The streaming company announced the acquisition in March, with a statement from Affleck saying he wanted to “protect the power of human creativity.” According to Affleck, InterPublic’s AI tools help filmmakers improve their footage in post-production, particularly when it comes to making up for “real-world production challenges such as missing shots, background replacements or incorrect lighting.”

At the time, Netflix announced that the entire InterPositive team would be joining the company, with Affleck joining as a senior advisor, but it didn’t disclose the financial terms of the deal. A subsequent report in Bloomberg suggested that the deal could be worth up to $600 million.

In its most recent earnings report, Netflix said that around 300 of its titles have already used generative AI.

Plateau State Governor Caleb Muftwang has commended President Bola Tinubu for approving the dualisation of the road linking Plateau to Taraba.

Mr Mutfwang commended the president in a statement by the Director of Press and Public Affairs to governor, Dr Gyang Bere, on Sunday in Jos.

Mr Tinubu recently approved the dualisation of the road linking Mararaban Jama’a–Pankshin–Langtang–Shendam in Plateau to river Ibi in Taraba.

Mr Mutfwang described the landmark project as a historic intervention aimed at unlocking the economic potential of Plateau State.

He added that the project would strengthen regional integration and improve the quality of life of Plateau people and Nigerians in general.

Mr Mutfwang further said that the project clearly demonstrates Mr Tinubu’s commitment to inclusive national development and determination to bridge infrastructure gaps across the country.

He argued that the project would ensure smooth movement of goods and services, reduce transportation costs and boost agricultural production.

“It will also boost commerce, attract investments, promote tourism and enhance social and economic interactions across the region. This is not just about the construction of a road; it is about restoring hope, expanding economic opportunities, creating jobs and opening up rural communities.

“It will accelerate the development of the North-Central and North-East corridors. It is a project that will positively impact generations to come,” Bere quoted Mutfwang as saying.

The governor equally commended the National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, who also lobbied for the project.

Mr Mutfwang particularly thanked Mr Yilwatda for his strategic engagement and commitment to the development of Plateau State at all times.

He also praised the Minister of Works, David Umahi, for his dedication, professionalism and determination in driving the Renewed Hope infrastructure agenda across the country.

The governor called on the residents of Plateau Stare to support the transformative agenda of the president, aimed at ensuring a better Nigeria for all.

(NAN)