Apple cautioned show developers for its upcoming Apple TV+ streaming platform not to anger China as part of the company’s efforts to heal a rift with Beijing, according to a recent report.
In a sign that the streaming wars are reaching a boil, the Walt Disney Co. is reportedly banning all advertising from Netflix across Disney’s entertainment TV properties, which include channels like ABC and the Disney Channel.
Apple is reportedly planning traditional theatrical releases for some of its feature films ahead of streaming — a move that is likely to endear the technology giant to cinema chains as well as prestige-conscious Hollywood talent.
At five and seven dollars each, Apple TV+ and Disney+ combined offer something brand new for only $12 per month, compared to Netflix, which now costs $13 a month.
Apple’s bottom line suffered as sales of its iPhone plummeted during the fiscal third quarter, dropping nearly 12 percent from a year ago as overall profitability for the company also took a hit during the period.
