Apple TV+ is set to launch The Studio, a comedy about the film industry, despite reports of losing a billion dollars annually.
The service, despite having 45 million subscribers, struggles to attract viewers and only represents less than 1% of US streaming service viewing.
Popular shows on Apple TV+ like Ted Lasso have not released new episodes for almost two years, leading to viewer disengagement.
Apple TV+ faces challenges in content consumption compared to competitors like Netflix, despite investing heavily in big-name talent and quality productions.
Many Apple TV+ series, despite being well-made and featuring A-list actors, fail to capture widespread attention and audience engagement.
Although Apple is making efforts to improve by reducing production budgets and increasing strategic decisions, the platform still lacks breakthrough hits.
Apple's hope lies in creating successful, well-marketed shows that resonate with viewers and have the potential to change the narrative around the service.
Despite challenges, the possibility of Apple TV+ finding its next big hit like Severance could potentially turn the tide for the streaming platform.