In a new report by Hollywood outlet Variety, Apple is considering an acquisition of the independent film studio, A24.
According to the entertainment outlet, the Cupertino-based company is in talks with the film studio and entertainment company A24 on acquiring the company and turning it into a subsidiary.
The studio is demanding $2.5-3 billion from Apple. Sources are also saying that A24 has been talking to buyers for the last 18 months.
Variety also reports that the talks are unknown if they are continuing, due to A24 looking for more expansions rather than acquisitions.
A24 has made prominent Hollywood hits like “Moonlight,” “Lady Bird,” “Midsommar,” and “Hereditary,” along with upcoming films such as “The Sky is Everywhere,” “Bride” and its newest movie, “The Tragedy of Macbeth,” which is set to premiere on Apple TV+ this year.
The A24 was also involved in some of Apple’s own original content on Apple TV+ like “On the Rocks” and “Mr. Corman.”
If Apple succeeds in acquiring the film company, it will empower Apple TV+ with more high-quality content. This is thanks to A24 being a highly prestigious and professional studio, with many Hollywood outlets stating that A24 is disrupting Hollywood and the film industry as a whole.