Apple’s Plan to Spend $1 Billion a Year to Release Films Into Cinemas Boost Movie Theater Stocks
Apple is aiming to invest $1 billion a year to release its upcoming original films in cinemas. The production company plans on distributing between 12-15 movies on the big screen per year, Bloomberg is reporting. The news comes after Amazon announced a similar plan in November, stating that it will release between 12 and 15…