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Dubai News Club > Tech > Apple’s plan to spend $1 billion per year on movies means more theatrical releases
Tech

Apple’s plan to spend $1 billion per year on movies means more theatrical releases

Press Room
Last updated: 2023/03/23
Press Room
Published: March 23, 2023
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CODA aside, Apple TV Plus has yet to really become synonymous with hit movies the way the company clearly wants it to. But rather than simply acquiring the distribution rights to more promising projects, Apple’s next move to boost its streaming platform’s profile involves making a bigger push into physical theaters in coming years.

Bloomberg reports that Apple has plans to spend $1 billion annually to produce more original films that will have theatrical releases in thousands of cinemas…

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