Dan Ives Says Apple's Coda Oscar Will 'Propel Its Streaming Ambitions Significantly'

Apple made Academy Awards history this week when it won the best picture award for "Coda," available exclusively on its streaming platform, Apple TV+. It beat streaming rivals Netflix and Amazon Prime to the punch, and the trophy could strengthen its streaming ambitions as well as bring in more subscribers to compete in the space. Dan Ives, Managing Director of Equity Research at Wedbush Securities, joins Closing Bell to discuss Apple's big win, what it means for the company and the streaming space, its content strategy, and more. "I think it's really a feather in the cap, but I think it's going to propel the streaming ambitions significantly, not just from A+ Hollywood circles coming to Apple but also from a subscriber perspective," he said. "This is a major shot across the bow."
More Videos
Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
Load More