Wedbush's Daniel Ives says acquisition of a Lionsgate, MGM or Sony Pictures is a "very potential scenario."
Posted on Friday on Business Insider Prime ($):
The coronavirus crisis is taking a heavy toll on Holywood, which could create an unexpected opportunity for Apple to boost its streaming TV business, a Wall Street analyst said Friday.
"There are different projects that can't get off the ground because they can't even be filmed or produced," Wedbush analyst Daniel Ives told Business Insider.
"I believe Apple acquiring a major studio, a Lionsgate, an MGM, a Sony Pictures, is a very potential scenario," he said. "They need content, and, and they have $200 billion plus of cash."
My take: Ives should know better.