Date: 28th May 2020
Apple is coming on board to help finance Martin Scorsese's "Killers of the Flower Moon", which Paramount will distribute theatrically.
Apple will stream the film on its platform following its theatrical release. Paramount acquired the project from Imperative Entertainment last June, but was faced with budget concerns when the price tag jumped to $180 million to $200 million after tax credits.
Now, Apple has a streaming service, Apple TV+, that could definitely use some more eyeballs, and the deal calls for Killers of the Flower Moon to debut on the platform following its theatrical window. However, the surprising twist here is that Paramount is still onboard to release the film in theaters worldwide. I imagine that the studio will collect a distribution fee for its troubles, it's just weird that this film will be considered an Apple original that will be distributed by another company.
This follows another big move for Apple after it recently acquired Tom Hanks' WWII film "Greyhound".
Source: Press Release