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Apple loses bidding war for J. J. Abrams' production studio

Jon Fingas
Apple loses bidding war for J. J. Abrams' production studio

Don't look now, but a major Hollywood upset just happened... much to the chagrin of streaming outlets. Hollywood Reporter and Deadline sources say that AT&T-owned WarnerMedia is near closing a roughly $500 million deal with Bad Robot, the production studio from J. J. Abrams and his wife Katie McGrath. Bad Robot had reportedly entertained deals from internet-focused companies like Amazon, Apple and Netflix (plus conventional firms like Comcast and Sony), with tipsters claiming that Apple "came close" to landing the deal.