Is Apple really eating "years of losses". Or are they making a strategic play to pick up most of the prestige television market, without needing to push an M&A

Is Apple really eating "years of losses". Or are they making a strategic play to pick up most of the prestige television market, without needing to push an M&A through the FTC (and they're doing it, just as David Zaslav is finishing killing the historic-largest player there, as HBO dies on the vine at Warner Brothers) To me, it sure feels like the latter. Apple spending $20 billion to pick up all this prestige TV and Film, is kind of a great deal, when compared to say, the $43 billion Discovery just paid for Warner, just to kill half of it (and then lose another $7 billon on it over the past 2-3 years)