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Apple apparently plans to spend $1B this year. I'd assume a "Major" studio would be more expensive than that, and really represent a long-term investment. I don't see it, curious what other's reasons for it are.
https://www.bloomberg.com/news/articles/2023-03-23/apple-to-splash-1-billion-a-year-on-films-to-break-into-cinemas#xj4y7vzkg

Can you clarify what constitutes a major film studio?

@Charlie Hmm, I don’t know what would make one “major” so let’s just say acquire a film studio capable of producing blockbusters. It’s basically a question about whether or not Apple goes all in on content production for Apple TV or not.