Apple’s Hollywood ambitions have been below the microscope for the reason that firm entered the streaming wars in November 2019, promising a premium expertise centered on a curated slate of authentic content material as an alternative of the sprawling libraries supplied by rivals like Netflix. The outcomes up to now have been blended: Apple TV+ has garnered vital acclaim however trails rivals in subscribers, whereas reportedly racking up annual losses exceeding $1 billion. In 2025, nonetheless, the narrative round Apple TV+ and its authentic movie slate could lastly be shifting—for the higher.
This summer season, Apple Unique Movies landed its first bona fide blockbuster. F1, the high-octane racing drama starring Brad Pitt, roared into theaters with a $55.6 million home debut and $144 million globally, exceeding expectations and delivering Apple its greatest theatrical opening but. On the streaming facet, Apple TV+ can be gaining momentum. Season 2 of the dystopian office drama Severance simply earned 27 Emmy nominations, probably the most of any sequence this yr.
A number of of the platform’s hottest sequence are returning quickly. The fifth season of Sluggish Horses, the Gary Oldman-led spy drama, premieres Sept. 24. Manufacturing can be underway on a fourth season of the fan-favorite sports activities comedy Ted Lasso. Amongst this yr’s main new entries is Pluribus, a sci-fi drama from Breaking Unhealthy creator Vince Gilligan, debuting Nov. 7.
“We studied it for years earlier than we determined to do (Apple TV+),” Apple CEO Tim Prepare dinner just lately instructed Selection. Within the interview, he pushed again on the notion that Apple launched its streamer merely to bolster its ecosystem. “I do know there’s quite a lot of totally different views on the market about why we’re into it,” Prepare dinner defined. “We’re into it to inform nice tales, and we wish it to be a fantastic enterprise as effectively. That’s why we’re into it, simply plain and easy.”
Six years in, Apple TV+ stays a boutique participant in a market dominated by Netflix and Disney+. Apple doesn’t disclose subscriber counts, however estimates put its international paid base round 45 million—effectively behind Netflix’s 300 million-plus. Nonetheless, not like Netflix, Apple doesn’t want streaming to be a revenue engine, even when its sky-high spending has raised eyebrows.
This strategy is deliberate, in line with Cristofer Hamilton, an business perception supervisor at Parrot Analytics. “These latest wins, from the field workplace success of F1 to the awards recognition for Severance, reinforce its id as a prestige-first platform,” he stated. Parrot knowledge persistently reveals that Apple’s prime titles have robust demand per capita, although the platform’s total attain nonetheless lags behind Netflix and Amazon Prime Video.
Hamilton famous that Severance’s first season introduced in additional than $200 million in estimated international streaming income, exhibiting that Apple’s prestige-focused mannequin can ship financially, too.
With its immense assets, Apple has extra room than most to outline success by itself phrases. “Apple TV+ (and likewise Prime Video) have extra freedom to outline what sustainability means for them than an organization like Netflix whose core enterprise is streaming and should take into consideration content material investments in a extra conventional ROI [return on investment] approach,” Hamilton stated.
That freedom permits Apple to maintain investing in high-end, auteur-driven initiatives even when they don’t make waves in subscriber counts. The corporate can afford to take inventive dangers that reinforce its model, and it’s exhibiting no indicators of slowing down. In any case, a $1 billion annual loss is a drop within the sea of Apple’s $391 billion annual income. In different phrases, Apple can afford to play the lengthy recreation in Hollywood—till it decides it not desires to.
