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Apple Rolls Back Its Big Plans To Release Movies In Theaters

The tech giant intended to spend $1 billion annually on films for cinemas. After several box office disappointments, it’s shifting releases like Wolfs back to its streaming service.

<div class="paragraphs"><p>(Source:&nbsp;<a href="https://unsplash.com/@e90two?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Omar Rodriguez</a> on <a href="https://unsplash.com/photos/black-apple-tv-remote-control-GjOl79QjfD8?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Unsplash</a>)</p></div>
(Source: Omar Rodriguez on Unsplash)
In the Culver City neighborhood of Los Angeles, just a few blocks from the Sony Pictures studio lot, Apple Inc. is breaking ground on a sprawling, 536,000-square-foot office building that will serve as its headquarters in the region. The tech giant plans to double its workforce to more than 3,000 employees by 2026. But actors, writers and producers in Hollywood who assume Apple’s growing presence in the city will herald a spending su...
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