Apple plans to spend a billion dollars a year to make movies for theaters.

According to "Bloomberg" news, according to people familiar with the matter, Apple plans to spend $1 billion a year to produce movies for theatrical release, which will increase Hollywood's popularity and attract streaming service subscribers.

Apple has approached film studios about partnering with several films that will be released in theaters this year, with more planned for the future, people familiar with the matter said. Potential releases include Martin Scorsese's "Killers of the Flower Moon," starring Leonardo DiCaprio; director Matthew Vaughn's spy thriller "Argyll"; Leigh Scott's feature film Napoleon.

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