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Apple TV dropped the “plus” as streamers keep pulling back on originals

After the spray-and-pray approach led to a wave of cancellations, Hollywood is settling into an era of just making fewer shows.

Apple just quietly dropped the plus sign from its streaming service, Apple TV+. In a Monday announcement about the upcoming streaming debut of “F1: The Movie,” the tech giant casually slipped in a single line:

Apple TV+ is now simply Apple TV, with a vibrant new identity.

Whether it’s a sign that Apple may soon add an ad-supported tier — Apple TV remains the only major streamer without one — or simply a brand refresh, the makeover lands as the peak TV era is officially over.

According to data from Luminate, series cancellation rates soared past 20% across almost every major platform — and even 40% for some — in 2023, marking an “inflection point” for Hollywood.

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Rates of cancellations have since eased, but that doesn’t mean streamers have suddenly grown more generous; they’re just making fewer shows to begin with. Per Ampere Analysis, scripted TV commissions from six major global platforms, including Apple, Amazon, and Netflix, fell 24% year over year in the first half of 2025.

From plus to less

That could explain why Apple decided to drop the plus sign, once a symbol of something extra, in an industry that’s scaling back — reversing years of billion-dollar investments in original shows, low prices, and ad-free promises. Indeed, Apple TV’s rebrand comes just months after it raised its monthly subscription fee by 30% in August.

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Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

Capsule Pill and Dots

Justice Department accuses telehealth Zealthy of fraud, says remedy may bankrupt it

The feds say they don’t think Zealthy has the liquidity to pay what it owes customers.

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