Will Apple buy a movie studio, or studios, in the near future? In the last two months, Disney has nearly doubled its paid Disney+ subscriptions. The service’s recent surge beyond the 50 million mark was “jaw dropping” to Wedbush analysts Daniel Ives and Strecker Backe who have maintained an “Outperform” rating on Apple with a $335 price target.
Elizabeth Balboa for Benzinga:
Apple has an installed base of nearly 925 million iPhones. With that advantage, Wedbush sees an opportunity to secure 100 million streaming subscribers for Apple TV+ before 2024. The company is currently building viewership through promotional one-year subscriptions with device purchases and passive benefits of the pandemic-related stay-at-home orders.
Meanwhile, Disney is drawing in masses organically.
“This is a fork in the road situation for Apple’s streaming endeavors as with Disney firing on all cylinders, Peacock and HBO launching around the corner with impressive content, now is the time for Cook & Co. to attract subscribers although lack of content (no new projects can roll out in light of the pandemic) remains the issue to keep them as a paying sub, with content/studios acquisitions potentially now in the cards for Apple to fill this gaping hole,” Backe and Ives wrote.
MacDailyNews Take: Production of new content is on hold due to the COVID-19 pandemic. If there’s anything Apple TV+ needs, it’s content. Since Apple is prevented from making it, but, as they’re sitting on a pile of cash, they can always buy a movie studio, or studios, for an immediate infusion of content for Apple TV+.
Apple buys Disney studios and content. Not the Theme Parks.
40 years with disney and universal, ain’t gonna happen, the synergy is irreplaceable in both directions.
No everything, Apple iPads and computers in all parks.
Hopefully none of them. Silicon Valley are embarrassing themselves.
A utter waste of money low margin content, the supply pipeline from somewhere other than Asia, I would think is first, second, and third priority…..
They should buy the high quality Criterion Collection. A worldwide collection of the best films ever made. It would seem to be a good match as both strive to be the very best at what they do.
Apple should buy Apple and become a private company, then all those losers like Trip Chowder and other scum bag analysts won’t have anything Apple to analyse anymore, and can get forked right royally.
Apple should BUY APPLE
Currently valued around a trillion dollars. How much money do you think they’ve got?
I won’t subscribe until Apple TV+ gets more Sifi maybe buy Bad Robot.
Apple Can’t buy Disney! There is no way that that deal would get past the regulators. If Apple buys a studio it must be one that is not attached to any other provider. This means that a studio that is owned by a Internet company, has other interest in the entertainment world.
the reason for this is that Apple doesn’t want to give anybody a reason not to cooperate with Apple in the many areas that apple participates in
Apple should buy SONY for Columbia Studios, Sony Music & technology patents.