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Apple Inc. (NASDAQ:AAPL) is looking to produce six low-budget films per year, for its Apple TV+ service, according to the New York Post.
According to the report, Apple has been targeting directors and other filmmakers and offering them budgets of between $5 million and $30 million per film.
"They are taking meetings and hiring," one source told the New York Post.
The source compares Apple's move to create films like those of Focus Features, which made "BlacKkKlansman", "Boy Erased" and "Dallas Buyers Club."
Apple's stock closed Friday's session at $192.74 per share.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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