What you need to know
- Skydance Media reportedly has a "put deal" with Apple.
- The deal promises two feature film projects with budgets as high as $125 million.
- Their first project, the animated film "Luck," will premiere on August 5.
Apple has apparently paid big bucks for its partnership with Skydance Media.
As reported by Variety, the "Mission: Impossible" and "Top Gun: Maverick" production company has carved out a "lucrative and rarified" deal with Apple. According to the report, Skydance Media has a "put deal" with Apple TV+, meaning that the streaming service is "obligated to release movies its partner chooses."
The agreement reportedly grants Skydance two feature films with budgets up to $125 million but does not guarantee a theatrical release for either project.
One of the first projects to come from Apple and Skydance will be "Luck," a new animated film currently slated for release on August 5, 2022. It will be the first animated feature from Skydance Animation.
If you want to ensure you get the best video quality out of any Skydance film, check out our list of the Best TVs for Apple TV 2022.
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Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.