this post was submitted on 20 Mar 2025
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Apple is losing more than $1 billion a year on its streaming service Apple TV+, the Information reported today, citing two people familiar with the matter.

Apple has spent more than $5 billion a year on content since launching Apple TV+ in 2019 but trimmed that budget by around $500 million last year, the report said.

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[–] floo@retrolemmy.com 34 points 1 day ago (2 children)

That’s sad to hear. The content on there is amazing for the most part. But, apparently, not cluttering it up with a bunch of junk is actually costing them somehow.

[–] Semi_Hemi_Demigod@lemmy.world 28 points 1 day ago (1 children)

It’s a loss leader. They make money selling the hardware and use AppleTV as a feature. That’s why the content is so good; it has to be to make it a compelling addition to their existing products.

[–] Ulrich@feddit.org 5 points 1 day ago (1 children)

That would make sense if it wasn't available on every other platform.

[–] brrt@sh.itjust.works 11 points 1 day ago (1 children)

It’s still good marketing. People will associate a good service, with good/great shows/movies and without all the fluff that Netflix has, with a good company.

[–] paraphrand@lemmy.world 14 points 1 day ago

Good content is expensive. And from what I understand, the financials are all fucked up across the industry.

Just look at Netflix, they just blew $320 million on a huge piece of garbage, The Electric State.