Affleck and InterPositive’s investors will earn as much as $600 million from the Netflix deal if the company meets “certain performance targets,” Bloomberg reported, citing anonymous sources. The amount that Netflix paid upfront for InterPositive was less than that, according to the report.
Reps for Netflix did not immediately respond to a request for comment.
Netflix on March 5 announced the deal to buy Affleck’s InterPositive for undisclosed financial terms. The entire 16-person InterPositive team of engineers, researchers and creatives will join Netflix through the acquisition, and Affleck will serve as a senior adviser to Netflix to provide ongoing guidance. That came a week after Netflix walked away from its deal to buy Warner Bros. Discovery’s studios and streaming businesses, opting to not make a…
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