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Apple's Reviews Strategy, Cuts Film Budgets After Blockbuster Spend - What's Next for Apple TV+?
Apple Inc (NASDAQ:AAPL) is reviewing its movie strategy, part of a turnaround strategy by its Hollywood studio leaders, Zack Van Amburg and Jamie Erlicht, to contain costs. Apple plans to produce a dozen movies annually, most of which will cost less than $100 million, Bloomberg cites familiar sources. Reportedly, Apple spent $700 million on the three blockbuster movies Killers of the Flower Moon, Napoleon, and Argylle, which grossed $470.4 million globally. Also Read: Movie Theater Analyst Sizes
Apple Inc (NASDAQ:AAPL) is reviewing its movie strategy, part of a turnaround strategy by its Hollywood studio leaders, Zack Van Amburg and Jamie Erlicht, to contain costs. Apple plans to produce a dozen movies annually, most of which will cost less than $100 million, Bloomberg cites familiar sources. Reportedly, Apple spent $700 million on the three blockbuster movies Killers of the Flower Moon, Napoleon, and Argylle, which grossed $470.4 million globally. Also Read: Movie Theater Analyst Sizes
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