Apple in “preliminary talks” about expanding tv+ library

Currently on tv+, you can browse the collection of Apple Originals, but the library does not expand beyond that. But according to another report this week, Apple plans to go past that offering a much larger collection. CNBC reports that Apple and MGM have had “preliminary talks” about acquiring MGM and it’s content.

Apple TV

If the acquisition comes through, Apple will offer much more content on tv+ rather than just Apple Originals. This will include movies and TV shows that MGM has produced. These movies and shows will more than likely be familiar to most people.

MGM is the owner of several film and television franchises such as James Bond and Robocop. It also owns television network Epix and produces shows such as “Live PD”.

Live PD

MGM had revenue of more than $1 billion for the first nine months of the year consisting primarily of about $600 million in TV and film licensing revenue and $300 million from Epix subscriptions. For the nine months ended September 30, 2019, MGM reported adjusted earnings before interest, taxes, depreciation and amortization of $123 million.

Unlike the competitors, Apple tv+ only offers Apple originals. This may change just that. Stay tuned as we will follow up on the acquisition details here at Apple TLD.

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