02 Jun Will Apple Be the Next Tech Giant to Buy a Studio? [THR]
CEO Tim Cook has described streamer Apple TV+’s ambition as becoming “one of the most desired platforms for storytellers,” singling out comedy series Ted Lasso, drama The Morning Show (pictured) and the miniseries Defending Jacob as its titles with “significant buzz.”
June 2, 2021 | Amid a wave of M&A fever, will Amazon’s $8.45 billion takeover of MGM prompt its Silicon Valley rival Apple to refresh its shopping list to include a Hollywood studio? The iPhone maker already has a giant footprint in entertainment through its services division — which includes Apple TV+, Apple Music, the App Store, iCloud and more. Its revenue topped $16.9 billion in the first quarter, up from $13.3 billion in the year-ago period, and the tech giant boasts 660 million paid subscribers in total.
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