FWONB - Apple seals unique deal for Brad Pitt Formula 1 movie - report

A major Formula 1 feature film from Apple (NASDAQ:AAPL) features unique deal aspects that may point a way forward for movie theaters, streaming companies and Hollywood's various stakeholders to coexist, The Hollywood Reporter confirmed. Apple (AAPL) had been closing in on a deal for the racing film since January - outrunning rival bidders in Paramount (PARA) (PARAA), Amazon.com (AMZN), MGM, Sony (SONY), Universal (CMCSA), and Netflix (NFLX) - and the project has gotten juicier along the way, with Brad Pitt set to star as an experienced racer coming out of retirement to mentor a younger driver, and Joseph Kosinski to direct fresh off helming an unqualified success story in Top Gun: Maverick. Kosinski will work with a number of folks from the Maverick team, including writer Ehren Kruger and producer Jerry Bruckheimer Films, according to the report. And key to the deal was theatrical distribution - but rather than a

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Apple seals unique deal for Brad Pitt Formula 1 movie - report