Apple’s efforts to acquire Warner Bros. Discovery to bolster the Apple TV streaming service ended in disappointment Friday, with Netflix emerging victorious in one of Hollywood’s most competitive bidding wars in recent years.
Netflix said Friday it will purchase Warner Bros. Discovery’s entertainment assets for $72 billion, outbidding Apple and other tech giants to secure one of the industry’s most valuable content libraries. The deal, far larger than any Netflix (or Apple, for that matter) has attempted to date, includes Warner Bros. studios, HBO and the HBO Max streaming service. Those assets would have dramatically transformed Apple TV’s positioning in the streaming wars.
December 5, 2002: Cupertino says it served its millionth unique customer in the Apple Store online, marking a significant milestone for the company. It is a benchmark worth celebrating for Apple, which launched its online store just five years earlier.
December 4, 1992: Apple engineers demonstrate a “proof of concept” of the Mac operating system running on an Intel computer. More than a decade before
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December 3, 2012: News Corp pulls the plug on The Daily, the world’s first iPad-only newspaper, less than two years after launching the publication.
December 2, 1991: Apple ships its first public version of the QuickTime player, bringing video to Mac users running System 7.