Apple Reduces Spending on TV+ Content
Apple Reduces Spending on TV+ Content
Apple Reduces Spending on TV+ Content
News summary

Apple is reportedly scaling back its spending on original content for its streaming service, Apple TV+, after investing over $20 billion with minimal audience success. The company's services chief, Eddy Cue, is pushing for tighter budget controls in collaboration with studio heads Zack Van Amburg and Jamie Erlicht, as most high-profile projects have not performed well, except for 'Killers of the Flower Moon'. Despite notable investments in productions from renowned directors, Apple's market share in streaming remains low, capturing only 0.2% of U.S. TV viewing compared to Netflix's dominant position. In light of this, Apple aims to adopt a more sustainable approach by reducing upfront costs and swiftly canceling underperforming series. The shift reflects a broader trend among streaming services struggling to balance extravagant spending with viewer engagement.

Story Coverage
Bias Distribution
100% Left
Information Sources
72da0b09-12c1-4a6a-ac99-710108fff81bbfb2a97b-336e-48d9-b69a-147df7862dc2
Left 100%
Coverage Details
Total News Sources
2
Left
2
Center
0
Right
0
Unrated
0
Last Updated
45 days ago
Bias Distribution
100% Left

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News