Apple’s original content spending spree might finally be over
Apple is known to spend billions of dollars on its Hollywood projects, but that could be set to change following production losses across the wider streaming industry. According to Bloomberg, Apple’s senior vice president of services, Eddy Cue, is pushing studio chiefs Zack Van Amburg and Jamie Erlicht to oversee project budgets more closely in a bid to make its Apple TV Plus streaming business more sustainable.
Apple invests heavily in individual projects compared to larger streaming companies like Netflix, having spent over $500 million on movies from directors Martin Scorsese (Killers of the Flower Moon), Ridley Scott (Napoleon), and Matthew Vaughn (Argylle). While its original projects get plenty of attention during award seasons, B...