https://www.indiewire.com/news/business/apple-tv-reportedly-loses-1-billion-streaming-1235110323

But it supposedly also has 45 million subscribers, and with $124.3 million in revenue.
Per the company’s most recent earnings, the three months ending in January saw Apple bring in $124.3 billion in revenue, $26.3 billion of which came from Services, a record for the division. That’s just for one quarter. For the year, Services brought in more than $96 billion. It can afford to absorb a billion dollars in losses.

https://spyglass.org/apple-tv-plus-strategy

It Wasn’t the Apple TV+ Spend, It Was the Apple TV+ Strategy

https://www.linkedin.com/posts/jonas-wolcher-6a970849_sad-news-no-more-great-movies-from-this-activity-7307855087974932481-VC7z

https://www.reuters.com/business/media-telecom/matrix-co-producer-village-roadshow-open-all-bids-after-bankruptcy-2025-03-18

Village Roadshow (prod company/financier: Wonka, the Matrix series, and Ocean’s 11) has filed for bankruptcy.
It’s a rough indicator of where we are in 2025 when one of the last independent production companies working with the studios goes under.

Here’s their balance sheet:
$400 M in library value of 100+ films (89 of which they co-own with Warner Bros.)
$500 M – $1bn total debt
$1.4 M in debt to WGA, whose members were told to stop working with Roadshow in December
$794 K owed to Bryan Cranston’s prod company
$250 K owed to Sony Pictures TV
$300 K/month overhead

The crowning expense that brought down this 36-year-old production company is the $18 M in (unpaid) legal fees from a lengthy and currently unresolved arbitration with their long-time partner Warner Bros, who they’ve had a co-financing arrangement since the late 90s.

Roadshow sued when WBD released their Matrix Resurrections (2021) film in theaters and on Max simultaneously, causing Roadshow to withhold their portion of the $190 M production costs.

Due to mounting financial pressures, Village Roadshow’s CEO, Steve Mosko, a veteran film and TV exec, left the company in January.
Now, this all falls on the shoulders of Jim Moore, CEO of Vine, an equity firm that owns Village Roadshow, as well as Luc Besson’s prod company EuropaCorp.