Wamsi Mohan, senior IT hardware analyst at BofA Securities, said in “Claman Countdown” that investors should buy Apple products.
Apple is reportedly considering adding more licensed movies to its Apple TV+ streaming platform.
The tech giant is in talks with several major movie studios about possible licensing deals to acquire additional films. Bloomberg reportedThe media outlet reported the news citing anonymous sources.
The outlet said the move was prompted by Apple’s decision to license dozens of movies in the spring, bringing benefits to the company and its Apple TV+ service.
Apple is reportedly considering adding more licensed movies to its Apple TV+ streaming platform. (Budrul Chukrut/SOPA Images/LightRocket via Getty Images / Getty Images)
Licensed films that the company has previously distributed on Apple TV+ include “Titanic,” “Argo” and “Mean Girls.”
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Apple reportedly approached the film studio for domestic and international rights during negotiations.
FOX Business has reached out to Apple for comment on the Bloomberg report.
Apple is reportedly considering adding more licensed movies to its Apple TV+ streaming platform. (Brent Lewin/Bloomberg via Getty Images/Getty Images)
Apple is focusing mostly on original TV shows and movies on Apple TV+, competing with platforms like Netflix, Max and Disney+.
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Some services offer subscribers a huge selection of licensed content in addition to their own produced content, and live sports have also become commonplace on streaming platforms.
Apple is reportedly considering adding more licensed movies to its Apple TV+ streaming platform. (iStock/iStock)
Apple TV+ offers “Friday Night Baseball” through a deal with Major League Baseball and “MSL Season Pass” through a partnership with Major League Soccer, the latter of which requires an additional subscription.
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The Apple TV+ membership itself costs $9.99 per month, the same price since a $3 price increase went into effect in October.
