Tim Cook is “afraid of [the] shareholder blowback” that might come with buying a Hollywood studio, claims one executive, quoted in a new story from the Hollywood Reporter.
The article, published Wednesday, suggests that Apple missed out on buying MGM Studios because it wasn’t bold enough to do so. Amazon recently snapped up MGM, home of the James Bond movies, for a massive $8.45 billion. Apple was supposedly in the bidding at some point, but didn’t wind up going through with it.
Because Tim Cook’s chicken. Or something.