00:00It's Benzinga, bringing Wall Street to Main Street.
00:02F1 The Movie has become Apple's highest-grossing theatrical release,
00:05surpassing $293 million at the global box office, according to CNBC.
00:10Apple's limited history of theatrical releases includes titers like
00:13The Killers of the Flower Moon, Argyle, and Fly Me to the Moon.
00:16Analysts see F1 as a key case study in how streamers can create big street hits
00:20while leveraging their tech ecosystems.
00:22Production and marketing costs are estimated between $300 million and $400 million,
00:26when Apple and Warner Brothers spending proceeds.
00:28Apple's $3 trillion valuation and diversified revenue streams
00:31allow it to absorb risk traditional studios cannot.
00:34For all things money, visit Benzinga.com.
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