Apple Poaches Netflix’s Partner

And, Tesla (finally) launches robotaxis.

June 23, 2025

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Today is Monday, June 23, 2025.

The Early Bird Index today is 81.83

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Apple Poaches Netflix’s Partner

Netflix $NFLX ( ▲ 0.88% ) remains the streaming king, but Apple $AAPL ( ▼ 0.32% ) appears to be making significant moves to enhance its content for the Apple TV+ streaming platform.

Details: Bloomberg reported on Sunday that Apple signed a multi-year agreement with the content studio North Road, which Peter Chernin leads. The deal reportedly gives Apple a first look at new projects developed by Chernin.

Background: North Road has been working with Netflix for the past five years and has produced some of the most popular programs on the platform. It was a good partnership.

Early Bird’s Nest Egg Gains: Apple’s new partnership with North Road is a bold step to boost its film slate and close the gap with Netflix, but the scale of Netflix’s dominance means Apple TV+ remains a challenger rather than a true rival for the streaming crown.

  • Apple TV+ holds about 8% of the U.S. streaming market, compared to Netflix’s 20%.

  • Apple’s strategy has focused on quality over quantity, consistently earning critical acclaim and awards for its originals.

Final Thoughts: Apple’s stock is down 17.57% this year. Netflix is up 38.87% in 2025. 

Notables

Notable Earnings Today: KB Home (NYSE: KBH), Commercial Metals (NYSE: CMC), FactSet (NYSE: FDS).

Notable IPOs Today: Amrize Ltd (NYSE: ARMZ), Republic Digital Acquisition Company Class A Ordinary Shares (Nasdaq: RDAG), Lakeshore Acquisition III Corp. Ordinary Shares (Nasdaq: LCCC), Gores Holdings X, Inc. Class A ordinary shares (Nasdaq: GTEN), CID HoldCo, Inc. Common Stock (Nasdaq: DAIC), Cal Redwood Acquisition Corp. Class A Ordinary Shares (Nasdaq: CRAQ).

Notable Equity Crowdfunding Campaigns Ending Today: Acme Camera Company (Honeycomb).

Notable Economic Events Today: S&P Global Manufacturing PMI (9:45 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), Existing Home Sales (10:00 a.m. ET).

Tesla (Finally) Launches Robotaxis

Several social media videos on Sunday show that Tesla’s $TSLA ( ▼ 0.4% ) driverless robotaxi service has launched exclusively in Austin, Texas.

Details: It is a limited rollout involving around 10 to 20 Tesla Model Y vehicles operating within a geofenced area in Austin. Access to the vehicles and rides is by invitation only.

Background: Elon Musk and Tesla have been publicly discussing and promising a driverless robotaxi service for at least six years.

Stock Price: The rollot occurs as Tesla’s stock is down 15.06% in 2025, one of its worst years.

Final Thoughts: The next cities Tesla plans to expand its driverless robotaxi service to are San Francisco, Los Angeles, and San Antonio.

News Corp Extends CEO’s Contract

On Sunday, News Corp $NWSA ( ▲ 0.71% ) extended the contract of CEO Robert Thomson through June 2030.

Final Thoughts: Shares of News Corp are up 3.24% this year.

Avoiding the Magnificent Seven: Ordinary Investors Are Souring on Big Tech (Wall Street Journal)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.