Please ensure Javascript is enabled for purposes of website accessibility

Apple Buys the Rights to Tom Hanks Movie "Greyhound"

By Donna Fuscaldo – May 20, 2020 at 12:37PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Tom Hanks-written and Sony-produced film was supposed to debut in theaters on Father's Day before the COVID-19 pandemic.

Apple (AAPL 2.56%) just bought the rights to movie star Tom Hanks' World War II film Greyhound, which had originally been slated for a Father's Day release in theaters but because of the COVID-19 pandemic will debut online.

Streaming content concept with hundreds of show titles against a blue background.


The film, which Apple paid $70 million for streaming rights to the film for fifteen years, CNBC reports. The film, which Hanks wrote and Sony (SONY 3.14%)produced, cost around $50 million to make, according to the CNBC report. 

Greyhound is the latest movie to land on the list of films that were scheduled to debut in movie theaters but were switched to a digital format as theaters across the world remain shutdown. Trolls World Tour, Scoob, and My Spy are just a few examples. Sony is retaining the Chinese rights to the film with the aim of releasing it in theaters, notes CNBC

Winning the bidding war for the rights to Greyhound is a win for Apple TV+, which has been largely focusing on original content since it launched in November. With production halted on sets, and with people watching more content at home, the tech stock has had to look elsewhere to increase the amount it offers on its platform.

Apple also started buying off-the-air TV shows and older movies this week to augment its service, Bloomberg reports. As it stands Apple TV+ has about 30 original shows and movies on its platform. Netflix, on-the-other-hand, has thousands of pieces of content. 

Donna Fuscaldo has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple and Netflix. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Apple Inc. Stock Quote
Apple Inc.
$146.10 (2.56%) $3.65
Netflix, Inc. Stock Quote
Netflix, Inc.
$240.74 (0.71%) $1.70
Sony Corporation Stock Quote
Sony Corporation
$68.24 (3.14%) $2.08

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/05/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.