Writers' Strike Leads To Permanent Shutdown Of 'Metropolis' On Apple TV+: AppleInsider
Portfolio Pulse from Benzinga Newsbot
Apple Inc. has permanently shut down production for the Apple TV+ adaptation of 'Metropolis' due to increasing costs and an ongoing writers' strike. The strike has also caused problems for other Apple TV+ shows in production.
June 21, 2023 | 6:13 am
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Apple Inc. cancels 'Metropolis' production on Apple TV+ due to writers' strike and increasing costs, affecting other shows in production.
The permanent shutdown of 'Metropolis' and the impact on other Apple TV+ shows due to the writers' strike and increasing costs may negatively affect Apple's streaming service offerings. This could lead to a short-term negative impact on Apple's stock price as investors may perceive this as a setback for the company's streaming service expansion.
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