|Day's range||17.05 - 17.50|
Yahoo Finance entertainment reporter Allie Canal discusses a report on Apple reportedly partnering with studios to release movies, their $1B budget on films, and what this could mean for ticket sales, theatres, and streaming.
TikTok CEO Shou Chew will appear before the House Commerce Committee on March 23 for what is expected to be an explosive hearing about the app's future.
Shares of Apple (NASDAQ: AAPL) climbed higher Thursday morning, adding as much as 2.4%. Apple plans to spend $1 billion per year to produce major motion pictures that it will release in theaters, according to a report by Bloomberg. The company is hoping to not only raise its stature in Hollywood but also attract a greater number of subscribers to Apple TV+ -- the company's streaming video service.