This Acquisition Could Boost Apple TV+ to the Next Level
Aside from a visit from Santa, Christmas 2020 was significantly different than in years past. This was glaringly apparent at your local cinema. Traditionally, the week between Christmas and New Year is considered one of the most important for the movie industry, but lockdowns and fear of contagion have slowed box office receipts to a crawl.
However, two of the most anticipated movies this year found their way to audiences via streaming delivery. Walt Disney's Soul debuted exclusively on Disney+, and AT&T's Warner Bros. studio released Wonder Woman 1984 at the box office and on its HBO MAX streaming service.
It's easy to make the mistake of thinking that the direct-to-consumer streaming model will end with the pandemic. However, the century-old movie business model is in desperate need of disruption. Apple (NASDAQ: AAPL) is in a unique position to shape this segment of the media industry for years to come, and it could do so by acquiring MGM Holdings, best know for the James Bond films.
Source Fool.com
