Apple's deep pockets made it the only streamer able to fund 'Pachinko' drama

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in iPod + iTunes + AppleTV
Apple TV+ beat four major rivals to get the international drama "Pachinko," but it was also the only one able to fully fund the costly production by itself.




As "Pachinko" premieres on Apple TV+ on March 25, 2022, its producers have revealed how it took many years and Apple's budget to get the show made.

According to Variety, the series was first pitched to TV networks four years ago. Based on Min Jin Lee's bestselling novel, it is a multilingual story spanning 100 years and many countries.

"In retrospect, I think we were insane," executive producer Michael Ellenberg laughs.

It's a Korean drama and when it was first being shopped around the networks, Ellenberg says that it was beginning to be clear that "the Korean wave was already happening."

Nonetheless, fellow executive producer Theresa Kang-Lowe says that unspecified major networks were interested, but the sheer cost of the complex story was a problem.

"As expected, most of the places said, 'Look, this is a chance we're going to take; we love the story. But we're only going to give you X amount of dollars to budget,'" says Kang-Lowe. "'If we move forward to series, we're only going to give you a small budget that's literally too small to produce multiple timelines.'"






Writer Soo Hugh adapted the linear novel into scripts that juxtapose the past and present. The complexity of the scripts, the cost of the production, and the fact that it was Korean, were all issues regular networks could not surmount.

"Six, seven years ago, a show like this could never have been made," says Hugh. "When I was starting my career, just even the notion of doing a show in Korean would have been like, 'What are you talking about?'"

"Streamers didn't exist," she continues. "And this wasn't even that long ago."

It's normal for dramas to be funded from multiple sources, such as networks and distributors in many countries. So of the five offers the show's producers got, it would still have conceivably been possible to garner extra funding from other firms.

However, Apple TV+ won the bid and reportedly did so chiefly because it was the only streamer or network willing to put up the full cost of production.

The benefit to Apple is of course that it gets a show it expects to be a hit. But it also does so without having to collaborate with any other streamer or network.

This means it does not face the kind of issues that Netflix often does, with rights issues and licence agreements meaning a popular show may have to be removed at some date.

Apple seems to prefer to acquire finished dramas, as it did with "CODA," or to fully fund productions. Although it is also reportedly planning to stream a new children's show simultaneously with Amazon Prime.

Read on AppleInsider

Comments

  • Reply 1 of 10
    Apple's deep pocket helps. The streaming age really putting show in a new level of exposing international talents. I never knew Money Heist from Spain is so awesome. Netflix really started off on the right track and Apple is taking a step further on entrainment industry. Streaming is truly a revolutionary platform.
    JaiOh81Beats
  • Reply 2 of 10
    lkrupplkrupp Posts: 10,557member
    “Apple’s deep pockets”? Ooooo, that sounds anti-competitive doesn’t it? Apple has enough money to outbid competitors. Is that fair? /s
    Beats
  • Reply 3 of 10
    crowleycrowley Posts: 10,453member
    lkrupp said:
    “Apple’s deep pockets”? Ooooo, that sounds anti-competitive doesn’t it? Apple has enough money to outbid competitors. Is that fair? /s
    Get a grip on yourself and stop introducing your grievances into unrelated conversations please.
    Beats
  • Reply 4 of 10
    crowley said:
    lkrupp said:
    “Apple’s deep pockets”? Ooooo, that sounds anti-competitive doesn’t it? Apple has enough money to outbid competitors. Is that fair? /s
    Get a grip on yourself and stop introducing your grievances into unrelated conversations please.
    The /s means they were being sarcastic.
    Beats
  • Reply 5 of 10
    crowleycrowley Posts: 10,453member
    crowley said:
    lkrupp said:
    “Apple’s deep pockets”? Ooooo, that sounds anti-competitive doesn’t it? Apple has enough money to outbid competitors. Is that fair? /s
    Get a grip on yourself and stop introducing your grievances into unrelated conversations please.
    The /s means they were being sarcastic.
    I understood that.  Point stands.
  • Reply 6 of 10
    danoxdanox Posts: 2,872member
    crowley said:
    lkrupp said:
    “Apple’s deep pockets”? Ooooo, that sounds anti-competitive doesn’t it? Apple has enough money to outbid competitors. Is that fair? /s
    Get a grip on yourself and stop introducing your grievances into unrelated conversations please.
    The EU isn’t going to put up with it for long….He’s right.
    Beats
  • Reply 7 of 10
    BeatsBeats Posts: 3,073member
    When tv+ first announced I assumed Apple was funding 100% of everything. It’s awkward seeing Fox or Sony logos on Apple TV+.


    crowley said:
    crowley said:
    lkrupp said:
    “Apple’s deep pockets”? Ooooo, that sounds anti-competitive doesn’t it? Apple has enough money to outbid competitors. Is that fair? /s
    Get a grip on yourself and stop introducing your grievances into unrelated conversations please.
    The /s means they were being sarcastic.
    I understood that.  Point stands.

    His point still stands, ya white knight!
  • Reply 8 of 10
    williamhwilliamh Posts: 1,034member
    The headline says Apple was the only streamer able to fund the production of Pachinko but the story/fact is that only Apple was willing. Surely Amazon could have figured out a way to find the money. Amazon is said to have paid a fortune for The Grand Tour. 

    In any event, I’m glad somebody funded Pachinko.  I watched the first 3 and it’s a great story done really well. 
    edited March 2022
  • Reply 9 of 10
    crowleycrowley Posts: 10,453member
    Beats said:
    When tv+ first announced I assumed Apple was funding 100% of everything. It’s awkward seeing Fox or Sony logos on Apple TV+.


    crowley said:
    crowley said:
    lkrupp said:
    “Apple’s deep pockets”? Ooooo, that sounds anti-competitive doesn’t it? Apple has enough money to outbid competitors. Is that fair? /s
    Get a grip on yourself and stop introducing your grievances into unrelated conversations please.
    The /s means they were being sarcastic.
    I understood that.  Point stands.

    His point still stands, ya white knight!
    What point?
  • Reply 10 of 10
    crowleycrowley Posts: 10,453member
    danox said:
    crowley said:
    lkrupp said:
    “Apple’s deep pockets”? Ooooo, that sounds anti-competitive doesn’t it? Apple has enough money to outbid competitors. Is that fair? /s
    Get a grip on yourself and stop introducing your grievances into unrelated conversations please.
    The EU isn’t going to put up with it for long….He’s right.
    No he isn't.  I'd lay money on it, name the amount.  He's just a salty boy who brings salt into every thread he posts in.
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