""Apple TV+ is reportedly operating at a net loss of over a billion dollars, having spent more than $5 billion on shows like Severance and Shrinking.""
""Despite leading the industry in acclaim with awards and nominations, Apple TV+ struggles with lower subscriber numbers compared to competitors like Netflix and Disney+""
Apple TV+ has emerged as a content powerhouse since its launch in 2019, winning major awards like Emmys for Ted Lasso and an Oscar for CODA. However, it is currently facing significant financial challenges, operating at a reported net loss exceeding $1 billion due to over $5 billion in production costs without sufficient subscriber revenue. With approximately 45 million subscribers, Apple TV+ significantly trails competitors like Netflix and Disney+. Despite its struggles, the service shows no signs of changing its production model, continuing with successful shows and an impressive amount of award nominations.
Read at Consequence
Unable to calculate read time
Collection
[
|
...
]