Apple to Spend $1 Billion Annually on Movies for Theatrical Release

Mon, 03/27/2023 - 09:19 -- Nick Dager

As has been widely reported, Apple plans to spend $1 billion a year to produce movies that will be released in theatres. All the stories quote knowledgeable people familiar with the company’s plans. Apple has reportedly approached movie studios about partnering to release a few titles in theatres this year and a slate of films in coming years, according to those people, who asked not to be identified because the plans are private


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