Apple (aapl.us) has reached an unprecedented new agreement with F1 on the distribution of its theme films, which may point out a coexistence path for cinemas, streaming media companies and various stakeholders in Hollywood The F1 theme film will be starred and produced by Brad Pitt and directed by Joseph Kosinski. In January this year, apple reached an agreement with F1 by defeating competitors such as paramount, Amazon (amzn.us), MGM, Sony, universal and nflx.us.
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The special feature of this agreement lies in the distribution mode of the cinema. Over the years Apple The films produced are only released in a short period of time on a small scale, and this film is planned to be released in theaters around the world for at least 30 days (or even 60 days), and then launched on apple tv+.
Under the agreement, apple and filmmakers will share the revenue from the big screen equally, 50/50. Essentially, there are three ways to pay the creative team: prepaid fees, high buyout fees and theater backstage fees. This may indicate that regardless of the size of the film, it will be broadcast on the cinema and streaming media.