Bloomberg: Apple will spend a billion dollars a year on its own movies 19:41

Apple Corporation plans to spend one billion dollars a year producing movies that will be shown in theaters. In this respect informs Bloomberg edition citing sources familiar with Apple’s business.

The IT company will begin expanding into Hollywood this year. Subsequent screenings are Martin Scorsese’s The Flower Moon Killers, Matthew Vaughn’s action movie Argyle and Sir Ridley Scott’s historical drama Napoleon.

According to Bloomberg, Apple plans to show its movies in thousands of theaters around the world. Streaming service Apple TV+ pictures will drop no later than a month after they’re released in theaters.

Bloomberg believes that Apple’s main goal in an adventure with big movies is to advertise for Apple TV+ online cinema. It seems that the company is worried that in a few years it has been able to gain an audience of only 20-40 million subscribers (exact numbers not disclosed), significantly less than Netflix.

Formerly Wrote Apple will lay off employees who do not agree to work from the office.

Source: Gazeta


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