Apple CEO Tim Cook Outlines Apple TV+ Strategy
In a sit-down interview with Sway’s Kara Swisher, Apple CEO Tim Cook spoke about many facets of Apple’s business — including the company’s plan for Apple TV+.
When Swisher broached the subject of Netflix, Cook said he had little interest in competing with the streaming giant. “We’re about making the best, not the most,” Cook said, “and so in the TV Plus area, we’re about originals only on Apple.”
Cook doubled down on the notion of Apple’s content focus, saying “Yes, and we’re putting all of ourselves into it. It is not a hobby. It is not a dip your toe in. Because it’s an original focus, we don’t instantly have a catalog with 500 things in it.”
Apple TV+’s content library is an interesting case. While shows like the pandemic hit “Ted Lasso” have done well for the service, the platform’s other shows haven’t matched them — including Apple TV+’s feature series, “The Morning Show,” which received mixed reviews from critics and audiences alike. There have been recent successes in the form of “Greyhound,” the Tom Hanks-powered World War II thriller, and “Defending Jacob,” the Chris Evans-led project based on a real story of one man’s struggle between his job and his family. The well-received programs haven’t translated to paying subscribers, though.
It was revealed earlier this year that the majority of the platform’s subscribers don’t even pay for the service — they got it for free with the purchase of a new Apple device. Worse yet, 29 percent of those free subscribers won’t renew once their free trial is up.
Despite these rough waters, though, Apple is continuing to invest in its content library. The company nabbed Keira Knightley for two projects, including a starring role in, “The Essex Serpent,” and we’re also expecting new projects from Oprah Winfrey and Jon Stewart.
No matter how much money Cook and his company pump into their streaming service, though, he doesn’t see himself as just a studio. “I’m not a Hollywood guy,” Cook said. “But Kara, I love great content.”
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