Apple Wins Formula 1 Rights, Apple / Formula 1 Deal Terms, Apple’s Sports Bet Grows
Today's Above Avalon Daily update includes the following stories:
Apple Wins Formula 1 Rights
Apple / Formula 1 Deal Terms
Apple’s Sports Bet Grows
Hello everyone. We will begin a new week of updates with some big Apple news on the sports front. The discussion will roll into Tuesday as we examine new comments from Apple SVP Eddy Cue who has been doing a fair amount of press in recent months.
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Porsche Teases Race App for Vision Pro, Apple’s Growing Interest With Motorsports, The Apple and Formula 1 Rumor
Happy Wednesday.
One quick follow-up to yesterday’s discussion regarding Apple’s blockbusters. The stated box office figures for “Napoleon,” “Killers of the Flower Moon,” and “Argylle” do not flow completely to Apple. Accordingly, Apple needed more than $250M ($700M+ production and marketing budget - $470M box office) in movie rentals, sales, and Apple TV+ to financially breakeven on the films. As we discussed, some of the lofty spending can be attributed to Apple wanting good looks at awards.
For today’s update, we turn to the auto space where Tim Cook had a surprise role to play in Porsche’s newest electric car unveiling.
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