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.
Really? It doesn’t play an ad for a different show every time you start playing a show? Its not littered with ads for MLS? Paramount? HBO?
Yes. It is.