r/movies • u/MarvelsGrantMan136 r/Movies contributor • 16d ago

News Apple Losing Over $1 Billion a Year on Streaming Service

https://www.reuters.com/technology/apple-losing-over-1-billion-year-streaming-service-information-reports-2025-03-20/
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u/mountainstosea 16d ago

Stanford and Cal choosing to send their tennis and volleyball teams to the east coast instead of signing with Apple TV+ was certainly a choice.

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u/PaulThePM 16d ago

Given the tv rights deals the ACC has versus what Apple was offering the Pac12, its certainly more profitable, and who cares about the “student athletes” when we can make some more cash?

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u/moneyinthebank216 16d ago

It was actually Arizona State’s fault. One of their Professors advised the PAC 12 commissioner that they could get a way better offer from someone else so they turned down Apple. The rest is history

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u/Alt4816 16d ago edited 15d ago

Apple was trying to get the PAC after USC and UCLA left but before Colorado announced they were leaving. That was almost a full year of the PAC trying to negotiate a new TV deal.

Then once Colorado made the move there was a stampede out the door. A week later on the same day Oregon, Washington, Utah, Arizona, and Arizona State all announced they were leaving too.

At that point any offer from the PAC was going to be for significantly less money so a month later Stanford and Cal jumped onto what they saw as the last lifeboat left.

The way it unfolded was reminiscent of the old Big East falling apart with West Virginia ending up in the Big 12. At the time that seemed crazy from a geographic aspect.