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A young account has stated thatApple TV+is losing more than $ 1 billion a year on streaming . While Apple has been around as a company for X , it launch its cyclosis service , Apple TV+ , on November 1 , 2019 . Since then , they have produced many acclaimed tv set serial , includingFor All Mankind , Slow Horses , Bad Sisters , andTed Lasso . One of their most pop shows is the sci - fi work dramaSeverance , which features performances by Adam Scott , John Turturro , and Patricia Arquette . TheSeveranceseason 2 finaledrops on the platform tomorrow , March 21 .
However , thing are not looking good for the streamer as per a recentDeadlinereport . According to the source , Apple TV+ is losing an estimated $ 1 billion a year on cyclosis . This deprivation comes from the tech company spending around $ 5 billion annually on streaming , though it seek to burn that sum down by around $ 500 million last year .
What This Means For Apple TV+
Apple TV+ Benefits From Being Underneath A Tech Giant
This news is not completely dismal for Apple TV+ . Unlike other streaming company like Netflix , whose independent tax revenue exclusively relies upon endorser committedness and ad tax revenue , Apple TV+ is simply the rain cats and dogs branch of a massive tech company . The report advert that Apple ’s overall revenue was $ 391 billion for the fiscal year 2024 , giving them a big capacity to take in cyclosis loss than other groups . Their cyclosis service is also still less than six years former , which gives them time to make a comeback .
From comedies including Ted Lasso and Mythic Quest to dramas admit Severance , there are many dandy telecasting display uncommitted to binge - watch on Apple TV+ .
Still , the report seemsto support a pessimistic statement about the streamer made by Ted Sarandos , the chief executive officer of rival Netflix . Sarandos was recently asked to speak about his fellow streamers . Speaking on Apple , he said , " I do n’t understand it beyond a marketing drama , but they ’re really smart the great unwashed . mayhap they see something we do n’t . " While the Netflix CEO gives some quotation for their creativity , the recent written report seems to suggest there is some validity in not believe in Apple TV+ , given the service is lose its companionship money .
Our Take On The Apple TV+ Losses
I’m A Little Scared For Severance
It is important to note that theApple TV+update does not mean that the streamer is close down . In fact , the manufacturer still has several major serial with confirmed returns , includingShrinkingseason 3,The Buccaneersseason 2 , and the recently confirmedTed Lassoseason 4 . However , the news does make me more scared of prove likeSeverance , which does not have a season 3 formally confirmed . Hopefully , the waft ’s going will just amount to fund reallocation rather than major serial publication cancellation .
Source : Deadline
