Apple just made its biggest movie acquisition ever for its AppleTV+ streaming service. The company paid Sony about $70 million for 15 years of streaming rights to the new film “Greyhound.”
“Greyhound” is a World War II battleship drama starring and written by America’s favorite dad, Tom Hanks.
- The film cost about $50 million to make
The film was scheduled to be released in theaters on Father’s Day weekend, but the release was canceled due to coronavirus shutdowns.
This is the first time that Hanks has opted to skip the big screen and go straight to streaming – a decision that Hanks had to approve before Sony and Apple made the deal.
When AppleTV+ launched last year, the service only included about a dozen series and films. Now that consumers are hunkered down at home, there’s a demand for more content.
- Want to see Greyhound? Apple TV+ costs $4.99 a month, and customers get a free year of the service bundled with new Apple products like iPhones.