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Apple Losing Over $1 Billion a Year on Streaming Service

Summary by koreatimes.co.kr

Apple is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing two people familiar with the matter.

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the Guardian

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Big stars, little shine: is anyone actually watching Apple TV+ shows?

The service might boast A-listers like Natalie Portman and Colin Farrell but in a competitive streaming landscape, it’s struggling to be heardNext week Apple TV+ launches The Studio, a Seth Rogen comedy about the rapidly changing landscape of the film industry. Episodes follow a beleaguered executive as he’s forced to make an ugly IP movie, because streamers are in dominance and this is all traditional studios are left with.For a show explicitly…

22 days ago

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koreatimes.co.kr

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Apple loses over $1 bil. annually on streaming service, reports the Information

Apple is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing two people familiar with the matter.

22 days ago

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Variety

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Apple Is Losing Over $1 Billion per Year on Streaming Service, Has 45 Million Apple TV+ Subscribers (Report)

Apple’s video streaming business is still firmly in the red, according to a new report. The Apple TV+ premium subscription service is losing more than $1 billion per year, according to an anonymously sourced report by The Information published Thursday. The tech giant is spending around $4.5 billion on content annually, down from $5 billion […]

23 days ago

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IndieWire

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Apple TV+ Reportedly Loses $1 Billion on Streaming a Year

Streaming is hard, and for most companies that aren’t Netflix, launching your own SVOD streaming service is a difficult way of earning a profit. So it should be no surprise that Apple TV+ isn’t among the profitable streamers either. A report in The Information on Thursday said that Apple TV+ loses $1 billion on streaming annually, and it’s doing that despite 45 million subscribers. Those are two numbers that, despite launching in 2019, have neve…

23 days ago

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Deadline

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Apple Losing Over $1 Billion A Year On Streaming – Report

Apple is losing more than $1 billion a year on streamer Apple TV+, according to a report in the Information that cited two people familiar with the matter. The tech giant has spent over $5 billion a year on content since launching Apple TV+ in 2019 but trimmed that by about $500 million last year, the report said. Traditional media companies have also lost billions to launch and feed their streaming platforms over the past five years. They h…

23 days ago

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New York Post

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Apple reportedly losing over $1B a year on streaming service as subscriptions sit well below Netflix

Apple is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing two people familiar with the matter. The tech giant has spent more than $5 billion a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million last year, the report said. Apple did not...

23 days ago

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